These two catering channels were saved from going out of business
Both channels serve award-winning pies and casual restoration menus.
With the devastating effects of the pandemic catch-up of fast and relaxed catering chains, the list ofRestaurant Companies Classifying Bankruptcy It continues to grow. However, some managed to come back from the closing of their operations for good. (To find out how the pandemic has affected the supply chain in grocery store, check8 groceries who can soon be in the short diet.)
At the beginning of this year, things were quite serious forVillage Inn and Bakers Square, two restoration chains adapted to families with places in more than 20 states across the Southwest and the South. Their parent company, his US farms of blue ribbon, hadfiled for the bankruptcy of Chapter 11And started to reduce their locations, closing 33 underperforming restaurants. However, the company has just emerged on the other side with a restructuring offer that will retain the two channels in business, according toFSR magazine.
Related:The latest recent restaurant closures the most devastating
American Blue Ribbon Holdings has now closed in a permanently 61 stores on both brands and dozen franchised more since the end of last year. The new Order leaves Village Inn with 21 restaurant sites belonging to a company and 118, while Bakers Square retains 14 sites.
The company also holds the legendary producer cooking of the PIE, which distributes more than 20 million pies each year to restaurants and grocery retailers in the United States. Although the two chains sell the award-winning pies in their locations, companies had been separated into two different entities during the bankruptcy process.
The village-Inn is known for its classic breakfast at a reasonable price and homestyle dinner options. However, with fierce competition from family restaurants such as Denny and IHOP and a decrease in traffic and breakfast sales during the pandemic, global sales of the channel had suffered significant losses.
Square Bakers is a casual dining chain serving a full breakfast, a lunch and dinner, and are particularly known for their bakery pies and products. In fact, pies sales account for about 30% of the company's total sales, according toRestaurant Business.
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