Tender Greens and its parent company (which also owns Tocaya) filed for Chapter 11 protection and is considering a sale of its assets
The string of bankruptcies continues for the restaurant industry in 2024, as the Southern California-based salad and bowls concept, Tender Greens, and its parent company, One Table Restaurant Brands (also parent company to fast-casual Mexican chain, Tocaya), filed for Chapter 11 bankruptcy protection on July 17 and July 18, respectively.
Together, Tender Greens and Tocaya operate around 40 locations, mostly in California. According to bankruptcy documents, the Los Angeles-based One Table Restaurant Brands has an estimated $10 million to $50 million of liabilities, with under $50,000 of assets, and is considering a sale in the form of an auction or stalking horse bidder...
Together, Tender Greens and Tocaya operate around 40 locations, mostly in California. According to bankruptcy documents, the Los Angeles-based One Table Restaurant Brands has an estimated $10 million to $50 million of liabilities, with under $50,000 of assets, and is considering a sale in the form of an auction or stalking horse bidder...
RSK: With the price of food skyrocketing, hard to find help and the consumers staying because of this, you have to provide excellent food and experience, not just another run of the mill joint, or you will join this group of failures.
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- - Volume: 24 - WEEK: 30 Date: 7/23/2024 2:27:16 PM -