Bankruptcy

Bankruptcy

Perkins & Marie Callender's LLC close 29 locations and file for bankruptcy

A day after closing 29 restaurant locations, Perkins & Marie Callender’s LLC filed for Chapter 11 bankruptcy protection Monday, the company said in a statement.   The Memphis, Tennessee-based company said Monday it plans to sell its Perkins’ business and a segment of its Foxtail bakery business, which supplies to its restaurants and distributors to “Perkins Group LLC.”  This is …

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Walgreens plans to close 200 U.S. stores, according to new SEC filing

  Walgreens plans to close approximately 200 U.S. stores, the company announced Tuesday in an SEC filing.   According to the document posted Tuesday on the Securities and Exchange Commission website, the move to close stores follows “a review of the real estate footprint in the United States.”   The closing stores represent less than 3% of …

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Restaurant to stay open amidst bankruptcy filing

One of Raleigh’s most prolific restaurateurs has filed for Chapter 11 bankruptcy protection, according to court filings, but said his restaurants will remain open.   Gaurav “G” Patel, owner of Eschelon Experiences, filed for bankruptcy this week in North Carolina’s Eastern District, citing liabilities of $2.57 million and assets of $1.1 million, according to court …

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Taylor Gourmet is Shockingly Closing All of its Washington, D.C. Locations

According to Eater Washington, D.C on September 21st, 2018, in absolutely shocking sub shop news, Washingtonian reports that Taylor Gourmet, beloved local sandwich chain with over a dozen locations in D.C., is closing every store in its portfolio. The last day for all D.C.-area Taylor Gourmet shops is Sunday, September 23 — two days from today.   There have …

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