34-year-old restaurant chain files for Chapter 11 bankruptcy

TheStreetWednesday, October 1, 2025 at 7:48:37 PM
34-year-old restaurant chain files for Chapter 11 bankruptcy
A well-known restaurant chain has filed for Chapter 11 bankruptcy due to ongoing liquidity issues. This development is significant as it highlights the challenges faced by the food service industry, particularly in a post-pandemic economy where many establishments are struggling to maintain financial stability.
— via World Pulse Now AI Editorial System

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88-year-old restaurant chain closes all locations, no bankruptcy
NegativeFinancial Markets
An 88-year-old restaurant chain has closed all its locations without filing for bankruptcy, reflecting the significant impact of the Covid-19 pandemic on dining establishments. The pandemic has led to heightened food safety awareness and changing consumer attitudes, contributing to the decline of once-popular buffet chains.