The Elephant Bar Global Grill/Wok Kitchen casual-dining chain filed for Chapter 11 bankruptcy reorganization on Monday and has closed 16 restaurants. Costa Mesa, Calif.-based S.B. Restaurant Co., operator of the 34-year-old chain, is seeking $3.3 million in debtor-in-possession financing to continue operating the remaining 29 units while the company looks for a buyer, according to documents filed with the U.S. Bankruptcy Court in Santa Ana, Calif. In a statement, Robert Holden, S.B. ...
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Contact: Desiree Torres Desiree.Torres@penton.com