Several well-known retail and restaurant chains have recently filed for Chapter 11 bankruptcy, signaling widespread financial distress in the industry. Notable entities include a popular sporting goods chain, an unexpected filing by a bakery chain, and the San Antonio-based restaurant chain Sushi Zushi, which is embroiled in an ownership feud. Red Lobster has also filed for bankruptcy in Florida on Sunday, leading to the closure of several locations. Additionally, a discount retailer has issued a going concern warning, a coffee/cafe chain has filed for bankruptcy, and two sister sporting goods and clothing brands are seeking bankruptcy protection.
Two sister sporting goods and clothing brands are seeking Chapter 11 bankruptcy protection. https://t.co/CPG0VVbjfn #retail #sportinggoods #bankruptcy
Another coffee/cafe chain files Chapter 11 bankruptcy https://t.co/FDvQS5BuEf
The majority owner of Sushi Zushi has filed for Chapter 11 bankruptcy protection amid an ongoing feud with the San Antonio restaurant chain’s founder. https://t.co/FYUChooIYG https://t.co/fSiYL86vte
Bankruptcy Watch: Discount retailer issues going concern warning https://t.co/50rXCsDoQw
Red Lobster filed for Chapter 11 bankruptcy in Florida on Sunday. Here's a list of the company's restaurant locations that are closed. https://t.co/K91vALqIAs
Ailing San Antonio restaurant chain Sushi Zushi seeks bankrutpcy protection as owners feud https://t.co/bVZBhKArgY
Mall fixture fashion chain sparks fears of mass store closures as it asks landlords to cut rent in half https://t.co/KEUlVLEUAJ https://t.co/mRlzfMxxvQ
Popular bakery chain files unexpected Chapter 11 bankruptcy https://t.co/M9TgQ3pQM3
Popular sporting goods chain files Chapter 11 bankruptcy https://t.co/Pyd22YJ95S