Dallas-based national restaurant chain Corner Bakery has declared bankruptcy.
by Philadelphia restaurant company Pandya Restaurant Growth Brands, which also owns Boston Market. At the time, there were 175 locations in the Corner Bakery portfolio. The company’s website shows there are currently 140 locations throughout 20 states.
Frank Paci, Corner Bakery’s CEO at the time it was sold, said the acquisition gave the company “access to resources that we need to continue to operate our business in this challenging environment.” He said the company “is now well-positioned to achieve future success during a period of unprecedented disruption for our industry.”
, Corner Bakery defaulted on its loans last year after struggling with weakening sales and declining unit volumes, which started before the pandemic. The pandemic exacerbated those issues since in-office workers made up a significant portion of its customer base.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dallas-based Corner Bakery files for bankruptcyThe fast-casual chain sought Chapter 11 protection after struggling to regain its footing during the pandemic.
Leer más »
A New Bakery With Legendary Baguettes and Overlooked Egg TartsALF is scheduled to open in Chelsea Market next month.
Leer más »
Rivals.com - Recruiting Rumor Mill: March visits are right around the corner
Leer más »
Locals Only Presents The Corner Store Legend Showcasing Houston Hip Hop“If y'all not jamming let me know because I can always go back home to my kids,” laughed Rob Gullatte as he walked across the stage at Local Seat, a lounge tucked away on the corner of Martin Luther King Boulevard and Old Spanish Trail. Donning a white robe, the...
Leer más »
Fantasy Baseball 2023 Rankings Tiers: Examining the corner infield landscapeThe Shuffle Up series rolls along, with corner infielders (first base, third base) getting the car wash today. What follows are my suggested salaries if you play in a Fantasy Salary Cap Draft format. We ran the catchers last week; we'll get to other positions later in the walk-up to Opening Day.
Leer más »