Perkins & Marie Callender’s Inc. said Friday it expects to emerge from Chapter 11 bankruptcy restructuring in the fourth quarter of this year, under control of debt holders. The Memphis, Tenn.-based operator and franchisor of about 530 Perkins and Marie Callender’s restaurants, which filed for bankruptcy last month, will see a shift of majority control to Wayzata Investment Partners LLC, a Minnesota-based private-equity fund and holder of Perkins & Marie ...
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!