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Punch Bowl Social names Robert Cornog and Richard Flaherty co-CEOs as the chain emerges from bankruptcyPunch Bowl Social names Robert Cornog and Richard Flaherty co-CEOs as the chain emerges from bankruptcy

Cornog also is the chairman of the chain, which was purchased in April by its former senior secured lender, CrowdOut Capital

Bret Thorn, Senior Food Editor

June 24, 2021

2 Min Read
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Robert Cornog Jr. and Richard Flaherty have been appointed as co-CEOs of Punch Bowl Social as the chain emerges from bankruptcy. Cornog also is the chairman of the chain, which was purchased in April by its former senior secured lender, CrowdOut Capital.

Cornog and Flaherty also are co-CEOS of the Wagamama USA, the United States-based arm of the United Kingdom-based Asian Fusion chain.

Cornog was a co-founder of Punch Bowl social in 2012 and was previously its chief financial and legal officer before leaving the company. Flaherty was its first chief operating officer and was with the company until late 2018.

The Denver-based “eatertainment” concept filed for Chapter 11 bankruptcy protection in December, citing pandemic-related restrictions that hampered operations, resulting in closing most of their 18 restaurants.

Richard_ _Robert.jpg

Richard Flaherty (left), Robert Cornog Jr. (right) have been appointed as co-CEOs of Punch Bowl Social.

CrowdOut Capital CEO Alexander Schoenbaum expressed confidence in the new leaders of Punch Bowl Social.

“Today’s announcement marks an important step in Punch Bowl’s recovery from COVID,” he said in a statement. “I am extremely excited to have Rob and Richard back running the business and providing strong leadership and stability. With this leadership team in place, Punch Bowl is in ‘good hands’ and we expect it to return to its position as a leader in this exciting industry sector. When Robert Cornog and I negotiated the original loan, CrowdOut looked to him to lead the business — that has not changed. And Punch Bowl’s restaurants have never operated more smoothly (or profitably) than when Richard Flaherty was running them. It has taken more than a year to get to this point, but we are looking forward and ready to restart growth!”

Related:Punch Bowl Social files for Chapter 11 bankruptcy protection, citing pandemic-related difficulties

Contact Bret Thorn at [email protected] 

Follow him on Twitter: @foodwriterdiary

About the Author

Bret Thorn

Senior Food Editor, Nation's Restaurant News

Senior Food & Beverage Editor

Bret Thorn is senior food & beverage editor of Nation’s Restaurant News and Restaurant Hospitality.

Hi is responsible for spotting and reporting on F&B trends across the country for both publications. 

He is the co-host of a podcast, Menu Talk with Pat and Bret, which features interviews with chefs, food & beverage authorities, and other experts in foodservice operations.

From 2005 to 2008 he also wrote the Kitchen Dish column for The New York Sun, covering restaurant openings and chefs’ career moves in New York City.

He joined Nation’s Restaurant News in 1999 after spending about five years in Thailand, where he wrote articles about business, banking and finance as well as restaurant reviews and food columns for Manager magazine and Asia Times newspaper. He joined Restaurant Hospitality’s staff in 2016 while retaining his position at NRN. 

A magna cum laude graduate of Tufts University in Medford, Mass., with a bachelor’s degree in history, and a member of Phi Beta Kappa, Thorn also studied traditional French cooking at Le Cordon Bleu Ecole de Cuisine in Paris. He spent his junior year of college in China, studying Chinese language, history and culture for a semester each at Nanjing University and Beijing University. While in Beijing, he also worked for ABC News during the protests and ultimate crackdown in and around Tiananmen Square in 1989.

Thorn’s monthly column in Nation’s Restaurant News won the 2006 Jesse H. Neal National Business Journalism Award for best staff-written editorial or opinion column.

He served as president of the International Foodservice Editorial Council, or IFEC, in 2005.

Thorn wrote the entry on comfort food in the Oxford Encyclopedia of Food and Drink in America, 2nd edition, published in 2012. He also wrote a history of plated desserts for the Oxford Companion to Sugar and Sweets, published in 2015.

He was inducted into the Disciples d’Escoffier in 2014.

A Colorado native originally from Denver, Thorn lives in Brooklyn, N.Y.

Bret Thorn’s areas of expertise include food and beverage trends in restaurants, French cuisine, the cuisines of Asia in general and Thailand in particular, restaurant operations and service trends. 

Bret Thorn’s Experience: 

Nation’s Restaurant News, food & beverage editor, 1999-Present
New York Sun, columnist, 2005-2008 
Asia Times, sub editor, 1995-1997
Manager magazine, senior editor and restaurant critic, 1992-1997
ABC News, runner, May-July, 1989

Education:
Tufts University, BA in history, 1990
Peking University, studied Chinese language, spring, 1989
Nanjing University, studied Chinese language and culture, fall, 1988 
Le Cordon Bleu Ecole de Cuisine, Cértificat Elémentaire, 1986

Email: [email protected]

Social Media:
LinkedIn: https://www.linkedin.com/in/bret-thorn-468b663/
Facebook: https://www.facebook.com/bret.thorn.52
Twitter: @foodwriterdiary
Instagram: @foodwriterdiary

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