Tuesday, January 28, 2020

Bar Louie files for bankruptcy after closing 38 units

Restaurant Business
The Bar Louie pub chain has filed for Chapter 11 bankruptcy protection after closing 38 of its 134 locations.

The brand, a holding of Sun Capital Partners, said the filing will facilitate the operation’s acquisition by one of three suitors that submitted letters of intent last month. Those parties were not identified in this morning’s bankruptcy filings. . . . more