Fresh Acquisitions LLC, Parent of Multiple Restaurant Chains, Files for Bankruptcy
The COVID-19 pandemic has done irrevocable harm to the restaurant industry. According to a Sept. 2020 report from the National Restaurant Association, just six months into COVID-related shutdowns, approximately 100,000 restaurants had closed either temporarily or permanently, and close to 3 million restaurant workers were out of work. Unfortunately, a year in, things aren’t looking much better for many restaurants. Now, the parent company of multiple buffet chains and one sit-down restaurant chain has filed for bankruptcy. Read on to find out if an eatery near you could be closing its doors in the near future. And for more restaurants that may be disappearing, This Beloved Local Burger Chain Just Filed for Bankruptcy.
On April 20, Fresh Acquisitions, LLC filed for Chapter 11 bankruptcy protection in Dallas, Texas. Fresh Acquisitions is the parent company of some of the most recognizable—and beloved—buffet restaurants in the U.S., including Furr’s Fresh Buffet, Hometown Buffet, Old Country Buffet, Country Buffet, Fire Mountain, and Ryan’s, as well as sit-down restaurant Tahoe Joe’s Famous Steakhouse.
