US EditionBar Louie locations at Crocker Park, Legacy Village close
- Texas-Based Bar Louie, founded in 1990, recently closed 14 underperforming restaurants across Tennessee, Colorado, New Jersey, Ohio, Illinois, Michigan, Missouri and Texas after abruptly shutting down all locations in the preceding weeks and days.
- Bar Louie cited rising food and labor costs, as well as changing consumer preferences, as reasons for filing for Chapter 11 bankruptcy protection on Wednesday in the District of Delaware court.
- The company's bankruptcy filing lists assets between $1 million and $10 million and liabilities between $50 million and $100 million, with US Foods being the largest creditor owed over $1.8 million.
- Bar Louie's website listed 48 locations as of Wednesday, a significant decrease from its peak of 134 locations internationally in 2018 and 66 locations at the end of 2023, while company sales dropped 2.3% in 2023.
- Like Red Lobster, Tijuana Flats, and Buca di Beppo, Bar Louie's recent bankruptcy filing marks the second time it has filed for Chapter 11 in five years and follows a busy year of restaurant bankruptcies, as the company plans to restructure and maintain operations during the process.
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12 Articles
Beloved restaurant chain files for bankruptcy and closes 14 locations
A POPULAR bar and restaurant chain is set to close 14 locations as it struggles against costs and inflation. The company filed for Chapter 11 bankruptcy on Wednesday. GettyAn employee discovered she was unemployed when she arrived at work and saw a note on the door[/caption] Bar Louie announced that it will be rejecting the leases of 14 underperforming restaurants after filing for bankruptcy this week. The “gastrobar” restaurant chain currently …
Popular restaurant and bar chain files for bankruptcy and sparks fears of more closures
Popular restaurant and bar chain files for bankruptcy and sparks fears of more closures Bar Louie has filed for Chapter 11 bankruptcy — the second time in five years. The Dallas-based pub chain made the filing Wednesday, after closing several locations across the Ohio, Michigan and New Jersey in…
Bar Louie closes more than a dozen restaurants, files for Chapter 11 bankruptcy protection - USA TODAY
in a significant setback for the casual dining chain, Bar Louie has announced the closure of over a dozen locations across the United States and has filed for Chapter 11 bankruptcy protection. This move comes amid increasing financial challenges and a turbulent restaurant industry landscape exacerbated by the lingering effects of the COVID-19 pandemic. With its vibrant atmosphere and extensive menu, Bar Louie has been a staple in many communitie…
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