E-Brands Restaurants LLC, the owner of a dozen high-end restaurants located around the country, has filed for Chapter 11 bankruptcy protection as a result of economic pressures. According to court filings, E-Brands said its restaurants “have been severely affected by the U.S. macro economy, which has resulted in a transient decline in earnings and cash flow.” The seven-year-old company said net sales fell from $56.7 million in 2008 to about $43.8 million in 2009, a 22.8-percent ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?