Bar Louie Shuts Down Over a Dozen Locations, Seeks Chapter 11 Bankruptcy Protection

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The restaurant chain Bar Louie is planning to file for bankruptcy. Chapter 11 bankruptcy – again.

The gastrobar franchise based in Addison, Texas, has filed for bankruptcy on Wednesday in the U.S. Bankruptcy Court located in Delaware. According to legal papers, the company cited "multiple financial and operational difficulties" as reasons for this filing.

The bankruptcy submission follows the recent closure of multiple Bar Loui eateries throughout the United States, with some specific sites shutting down in various areas. Detroit , Nashville and East Brunswick, New Jersey .

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In a press statement released for announcement purposes regarding the bankruptcy Bar Louie stated that the bankruptcy proceedings "are anticipated not to affect the company’s regular activities. Before submitting their filings, Bar Louie had shut down poorly performing venues to strengthen their fiscal position."

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Bar Louie has previously filed for bankruptcy.

Established in 1991 in Chicago, Illinois, Bar Louie runs 31 stores directly and has another 17 franchises in 19 different states, as stated in their legal documents.

During the bankruptcy proceedings, Bar Louie intended to shut down at least 13 company-operated sites. The list shows that they presently have 48 locations operational. its website .

Due to inflationary pressures, consumers have generally reduced their spending on eating out. Concurrently, restaurant menus have raised their prices to cope with higher expenses related to food, utilities, and labor," Chief Administrative Officer Leslie Crook stated in the bankruptcy documents. "This has led to poor performance at numerous Bar Louie locations, negatively impacting both the brand’s financial health and management focus.

Previously, in 2020, Bar Louie went through bankruptcy proceedings and was subsequently acquired by the present proprietors, BLH TopCo, during this process. As of 2018, before their bankruptcy filing, there were over 130 Bar Louie establishments across various locations. Nation's Restaurant News .

In their bankruptcy submission, Bar Louie reported having assets valued between $1 million and $10 million, but they owe creditors somewhere from $50 million to $100 million. The biggest debtor here is US Foods, to whom Bar Louie owes over $1.8 million.

The most recent addition to the line of restaurants filing for bankruptcy is Bar Louie.

Bar Louizer has become yet another restaurant franchise to declare bankruptcy, citing in their filings escalating operational expenses and significant economic challenges as contributing factors.

Earlier this month, At the Boundary Mexican Eatery & Cantina has filed for Chapter 11 bankruptcy protection following the closure of numerous outlets in February. Additionally, over recent months, several other companies have also declared bankruptcy. TGI Fridays and Red Lobster .

Fo Allow Mike Snider on Threads, Bluesky, and X: mikegsnider & @mikegsnider.bsky.social & @mikesnider .

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The article initially appeared on USA TODAY: Bar Louie shuts down over a dozen locations and seeksChapter 11bankruptcy protection.

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