Popular restaurant chain files for Chapter 11 bankruptcy

Iconic casual restaurant chains have battled for survival throughout the last one year with several submitting for economic break hunting for to reorganize their firms to continue working as going concerns.

All of these distressed drinking places first faced setbacks five years ago for the length of the Covid-19 pandemic and never fully recovered. After the pandemic subsided, other economic concerns added to their injure with rising charges of labor, meals, and gives from inflation, increased passion charges on debt, and altering attitudes of clients on dining out.