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Tag: chain

Another Restaurant Chain Files Chapter 11 Bankruptcy

Anthony's Coal-Fired Pizza & Wings and BurgerFi International, which owns the eponymous chain, joined the growing list of embattled restaurant operators filing for bankruptcy protection on Wednesday. The Fort Lauderdale-based company's 67 corporate-owned locations have sought protection from creditors in U.S. Bankruptcy Court in Wilmington, Delaware, with assets of at least $50 million and liabilities […]

BurgerFi restaurant chain files for Chapter 11 bankruptcy

The number of restaurant chains that have filed for bankruptcy this year has increased, with BurgerFi International Inc. filing for Chapter 11 bankruptcy protection on Wednesday. The company said it filed for Chapter 11 bankruptcy protection to preserve the value of its BurgerFi and Anthony's Coalfire Pizza & Wings brands “for all stakeholders.” The company […]

Bankrupt hospital chain paid private equity giant $700M dividend

The nation's largest private, for-profit hospital chain reportedly paid out $790 million in dividends before filing for bankruptcy a few years later, most of which went to Manhattan-based private equity owners. Steward Healthcare System, a Boston-based network of 30 hospitals that operates in rural and low-income areas, paid Cerberus Capital Management in 2016, the same […]

NYC funeral home chain that exploited consumers settles for $700K

A New York funeral home chain will have to pay hundreds of thousands of dollars for allegedly cheating and deceiving customers, according to a settlement with the city. Bronx-based RG Ortiz Funeral Home will pay $600,000 in compensation to the family and a $100,000 civil penalty for failing to tell the family where the body […]

Major grocery chain ending tobacco sales

Stop & Shop, a major grocery chain, Announced this week The company announced that it would stop selling tobacco products. The East Coast chain has 360 stores in Massachusetts, Rhode Island, Connecticut, New York and New Jersey. The company said it would stop selling cigarettes and tobacco products by August 31 as part of its […]

Supermarket chain bans unaccompanied minors after 6 pm, large bags amid rampant theft

Supermarket chains are banning minors from stores alone after 6 p.m. and prohibiting large bags in Washington, D.C. and Maryland as part of new policies aimed at curbing rampant retail theft. Giant Foods confirmed to Fox News Digital in a statement Monday that the chain's revised policy applies to some stores “to mitigate unprecedented levels […]

DC-area Giant Food supermarket chain bans unaccompanied minors after 6pm, large bags

Supermarket chains are banning minors from stores alone after 6 p.m. and prohibiting large bags in Washington, D.C. and Maryland as part of new policies aimed at curbing rampant retail theft. Giant Foods confirmed to Fox News Digital in a statement Monday that the chain's revised policy applies to some stores “to mitigate unprecedented levels […]