The parent company of the 801 Chophouse restaurant chain, 801 Restaurant Group, has filed for Chapter 11 bankruptcy protection to restructure its debt. The company attributes its financial difficulties to the closure of two specific restaurant locations, 801 Fish in Denver and 801 On Nicollet in Minneapolis. Despite the filing, the individual restaurant companies that operate the locations are not themselves bankrupt and are expected to continue normal operations during the restructuring process.
The parent company of the steakhouse restaurant chain 801 Chophouse filed for Chapter 11 bankruptcy. On April 10, 801 Restaurant Group filed for bankruptcy referencing a need to restructure debt. USA Today reported that if the parent company can refine its financial situation, then 801 Chophouse locations may not have to close.
801 Restaurant Group told USA Today that its monetary troubles are tied to the closure of two restaurant locations, 801 Fish in Denver and 801 On Nicollet in Minneapolis. 801 Chophouse is a chain of steakhouses that began in Des Moines, Iowa, according to its website. 801 Restaurant Group was established in 1993 and is a family-owned enterprise. Moreover, the restaurant group has multiple locations, including in Omaha, Nebraska; Leawood, Kansas; Kansas City, Missouri; St. Louis, and Denver. They have also opened multiple 801 Fish and 801 Local locations. With the 801 Restaurant Group determining how to manage its debt amid the bankruptcy filing, the organization may consider closing restaurant locations. USA Today reported that the restaurant locations will operate normally during the business restructuring based on U.S. bankruptcy law. In a statement provided to USA Today by the 801 Restaurant Group, the organization stated "The companies that own and operate the restaurants are not in bankruptcy and there are no plans or need for them to file bankruptcy. The individual restaurant companies operating successfully are not impacted by the 801 Restaurant Group's Chapter 11 filing."
Bankruptcy 801 Chophouse Restaurant Industry Debt Restructuring Chapter 11
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
QVC Group Files for Chapter 11 Bankruptcy Amidst Debt and Declining ViewershipQVC Group, parent company of QVC and HSN, files for Chapter 11 bankruptcy protection due to significant debt and a sharp drop in viewership. The company aims to restructure and emerge from bankruptcy within 90 days, but acknowledges uncertainty and potential cessation of operations.
Read more »
Owners of popular steakhouse chain 801 Chophouse file for bankruptcy with possible closures loomingToday's Video Headlines: 04/17/26
Read more »
Steakhouse Chain 801 Chophouse Files for Chapter 11 BankruptcyGina Vivinetto is a trending news reporter for TODAY.com
Read more »
Restaurant chain 801 Chophouse files for bankruptcyThe parent company of the high-end steakhouse restaurant chain filed for bankruptcy sparking concerns about the future of some locations nationwide.
Read more »
Steak and seafood chain 801 Restaurant Group files for bankruptcy after closing Denver, Minneapolis spots801 Restaurant Group, which operates steak and seafood restaurants in several states, has filed for Chapter 11 bankruptcy reorganization in Kansas.
Read more »
Kansas-Based Restaurant Group Files for Chapter 11 Bankruptcy801 Restaurant Group LLC, which operates numerous steak and seafood restaurants across several U.S. states, has filed for Chapter 11 bankruptcy reorganization. The company stated that the filing is to restructure obligations and will not impact the operations of its remaining successful locations.
Read more »