The brands have been shedding restaurants for years.
5 Restaurant Chains That Are Losing Customers This Year
"The ongoing devastating impacts of COVID-19 and the changing market dynamics within the restaurant industry have contributed to continued struggles for both chains. We believe the strongest futures for both chains will happen through court restructurings," a company spokesperson said in a statement on the bankruptcy filings.
"Over the last several months, the chains have enacted steps to right-size the businesses, streamline, and begin to restructure the companies and position them both for long-term success. These actions are already beginning to yield positive results, and we expect those trends to continue," the statement added.
This is the second bankruptcy filing in a little more than a decade for Back Yard Burgers, which struggled during the Great Recession and previously sought Chapter 11 protections in 2012,
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston Restaurant Weeks 2023 begins Aug. 1: Restaurants, menus, pricesIt’s time to dine out and do good! Hundreds of restaurants from all over the Houston area are participating in this year's Houston Restaurant Weeks.
Read more »
The best hydroelectric generators for 2023These surprisingly powerful devices can turn the power of running water into current. Options range from powerful to very portable.
Read more »
10 Dallas-area high school football storylines to watch in 2023The 2023 Texas high school football season is right around the corner. On Monday, Class A through 4A and private schools will begin summer practices with the...
Read more »
Fiesta Del Sol 2023: Hundreds flock to one of the country's largest Latino festivalsHundreds of people were out enjoying good food, food music, rides and more at Fiesta Del Sol Saturday.
Read more »
Eagles finally unveil throwback kelly green jerseys for 2023 seasonThe Eagles have finally unveiled their kelly green alternate jerseys for the 2023 NFL season. NBCSPhilly has a look at them.
Read more »
Best UFC Odds 2023 - UFC/MMA Betting LinesCompare the latest UFC odds, line movement, predictions, & betting tips for upcoming UFC fights in 2023. Find the best UFC odds with Covers.
Read more »