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Jack in the Box franchisee in St. Louis files for Chapter 11 bankruptcy protectionJack in the Box franchisee in St. Louis files for Chapter 11 bankruptcy protection

Conquest Foods says it has liabilities in excess of $10 million

Bret Thorn, Senior Food Editor

February 19, 2021

1 Min Read
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A franchisee of 70 Jack in the Box restaurants in Missouri and Illinois filed for Chapter 11 Bankruptcy protection Tuesday.

Conquest Foods LLC, based in the St. Louis suburb of Earth City, Mo., and affiliated companies Missouri Jack LLC and Illinois Jack LLC filed for debt protection in bankruptcy court for the Eastern District of Missouri, declaring liabilities of between $10 million and $50 million and assets of between $1 million and $10 million. It named Navid Sharafatian, managing member of TNH Partners LLC, which owns the three franchise companies, as its representative through the bankruptcy proceedings.  

During Jack in the Box’s earnings call Thursday, CEO Darin Harris said in reference to the bankruptcy that there might be several closures in the St. Louis area. Company officials added that the St. Louis franchisee’s restaurants’ performance was close to system-wide sales but that the franchisee had “a leverage issue.”

They added that St. Louis was a mature market with an average store age of 30 years. Harris noted that the first St. Louis location opened in 1969.

Overall, Jack in the Box has been performing well during the pandemic. Same-store sales for the quarter ended Jan. 17, 2021, were up 12.5%, the best quarter since 1994 and following a same-store sales jump of 12.2% in the previous quarter.

Contact Bret Thorn at [email protected] 

Follow him on Twitter: @foodwriterdiary

 

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About the Author

Bret Thorn

Senior Food Editor, Nation's Restaurant News

Senior Food & Beverage Editor

Bret Thorn is senior food & beverage editor for Nation’s Restaurant News and Restaurant Hospitality for Informa’s Restaurants and Food Group, with responsibility for spotting and reporting on food and beverage trends across the country for both publications as well as guiding overall F&B coverage. 

He is the host of a podcast, In the Kitchen with Bret Thorn, 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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