Tuesday, July 9, 2019

Restaurants Unlimited files for Chapter 11 bankruptcy

Restaurants Unlimited, a Seattle-based company that operates 35 fine-dining and polished casual restaurants in six states, has filed for Chapter 11 bankruptcy protection in the District Court of Delaware, citing rising minimum wages in its core markets, specifically Seattle, San Francisco and Portland, Ore., as well as the company’s own expansion and a general national trend away from casual dining.. . . more