This beloved deli chain was just saved from bankruptcy
Some places are back open, too!
After a summer of emblematic restaurants, filing a bankruptcy with their unknown future, a chain of charcuterie breaks the mold. He renovates after exceeding and has a new owner. The Toojay Deli, a Florida-based chain, is open and running again following the COVID-19 security guidelines.
In 2019, the benefits increased, the CEO, Maxwell Piet, said in a statement. But the coronavirus pandemic injured sales and was the motivated factor in Chapter 11 of the deposit of the bankruptcy of April.
The brand new owner of Toojay, Monroe Capital Management Advisors LLC, took over the Toojay's Management LLC's restaurant. It was not the first to try to buy the restaurant, though. Boston Market Holdings Corp., which holds the Boston Market Rotisserie Chicken brand, has been refused, according toNews from the Nation's restaurant. Interestingly, Monroe Capitalalso supported Toojay is back in 2018. (connected:15 classical American desserts that deserve a return.)
"The restructuring process has allowed the company to emerge to release debt, which it believes will provide significant financial flexibility to support its operations," said Deli in a statement. "The new owner of the company, Monroe Capital, provides capital to support the growth of the company in the future."
Although some rental agreements have been cut after the bankruptcy deposit, 21 locations are back open for businesses. These serve to allDeli de Toojay Favorites Like Nova Salmon Benedict and Blt Local Breakfast for breakfast, Triple J, Ruben and Rachel Sandwich sandwich for lunch or dinner and Blintzes and Rugglach cheese for dessert.
Before this year, there were about 30 locations. During restructuring after the deposit of bankruptcy, it is not uncommon for some rental agreements to be abandoned.Matchbox, a pizza and burger chain of Washington D.C., renegotiates their leases after reporting bankruptcy in August.Ruby Tuesday announced They close 150 locations for good and evaluate other rental agreements. The beloved sandwich chain Potbelly negotiates leases after theirannounced in June This 100 in 470 locations would close.
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