Popular fast-casual dining chain files for Chapter 11 bankruptcy
The fast-casual chain says that funds will not be available to pay unsecured creditors.
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The fast-casual dining sector has battled a series of economic challenges over the last five years that have led to hundreds of restaurant closings and Chapter 11 bankruptcy filings.
The Covid-19 pandemic forced restaurants to close for extended periods, then restaurants transitioned to take-out and delivery models before allowing a limited amount of diners in their restaurants until the pandemic subsided.