Perkins & Marie Callender’s Inc., the Memphis,Tenn.-based owner and franchiser of 596 Perkins and Marie Callender’s restaurants, filed for Chapter 11 bankruptcy protection and has plans to close 65 restaurants, 58 of which were closed this weekend. The company plans to restructure through a shift of majority control to Wayzata Investment Partners LLC, a private-equity fund based in Minnesota, and holder of Perkins’ debt. The restaurant company previously was owned ...
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Contact: Desiree Torres Desiree.Torres@penton.com