Good Lifestyle

Like COVID continues toWire Havoc on the restaurant industryA beloved pizza chain has been forced to drop bankruptcy. Cici, a pizza buffet restaurant with approximately 318 sites on 26 states, filed for protection against bankruptcy of bankruptcy in the home state of the Texas chain on January 25. Read to find out what it means for the future of Cici, and for some restaurants in Cici. ,It's the most hated catering chain in America.

In 2009, Cici's had 650 restaurants across the United States, a number that hadTempered at 430 from 2016, according to the debt road. In the deposit of the bankruptcy of the chain, the CICI reported $ 81.64 million in debt of CICI, with the CFO of the chain,Richard Peabody, announcing that the pandemic had treated a "sudden and significant blow" to the financial security of the brand.

When Covid hit the United States in March, the CICI temporarily closed 203 from its restaurants, has finally closed 61, has developed 39 employees of the company and reduces the 25% management remuneration to free from Money. However, the pandemic is still "interrupted significantly from CICI restoration operations and a demand from seriously limited clients", requiring the company's hand when it came to the deposit, according to Peabody. He noted in the judicial documents thatdinner in person Generally represents nearly 99% of the profits of the chain.

Although CICIC has not yet announced what, if any, additional locations will close, it is just the most recent of a long range of pandemic victims. Read it to find out which other brands close the shop due to Covid. And for more stores that are not long for this world,This emblematic department store has just filled a bankruptcy.

Beauty beauty and well-being beloved L'Occitane announced that there wasClassified for protection against bankruptcy in Chapter 11 January 26th. In the deposit of the bankruptcy of the company, the OCCITANE announced that its sales in person had dropped 56.5% between April and 2020, and that, in response to a subsequent rise in online sales, it would close 23 of Its 166 plate stores. And for more companies flavomon in the middle of the pandemic,This beloved chain closes all its stores.

In January, Iconic Chocolatier Godiva announced that it would beClose all 128 of its stores in the United States. at the end of March. "Of course, this decision was difficult because of the care we have for our dedicated chocolatiers and workers who will be affected. We are grateful for all they have done to make wonderful moments for our consumers and spread happiness thanks to incredible customer service and living our values ​​and behaviors, "saidCEO of Godiva Nurtac Afridi in a report. However, the company will continue to sell its chocolates in many stores across the United States and plans to increase its distribution of products across these channels ", which further facilitates consumers to enjoy Godiva," said Afridi. And for more companies making big changes,This beloved house property chain closes more than 40 stores.

Belk department store, which operates 300 stores across the United States, filed for protection against the bankruptcy of Chapter 11 of January 26th. 2021. The chain, which opened its first retail location 130 years ago, will continue "normal operations" during its restructuring, which will help it help it.Unload approximately $ 450 million in $ 450 million dollars,United States todayreports. And for the latest news from the store closure delivered directly to your inbox,Sign up for our daily newsletter.

Christopher & Banks, a clothing store with 449 locations U.S.Classified for protection against bankruptcy in Chapter 11 January 14th. The store announced that it "expects to close an important, if not all, brick and mortar store" in the near future because of the losses he had recently committed. "Because offinancial distress resulting from the pandemicand its continuous impact, we have chosen to initiate this process and to pursue a potential sale of the company in whole or in part to position the company in the future, "the President and the Chief Executive Officer of the Company, Keri Jones , says in a statement. And for another brand that starts to disappear, check This popular clothing store closes at least 200 locations .