BurgerFi and Anthony's Coal Fired Pizza closed restaurants: Full list and map of shuttered locations [Yahoo! Finance]
BurgerFi International Inc (BFI)
Company Research
Source: Yahoo! Finance
Most Read from Fast Company That's because BurgerFi International, the parent company of both chains, has closed nearly 20 underperforming locations in recent months, the company disclosed in a court filing this week. The locations were shuttered in the lead-up to BurgerFi's Chapter 11 bankruptcy, which was announced earlier this month. In a year littered with chain-restaurant bankruptcies , the company cited familiar reasons for the move, including rising food and labor costs and inflationary pressures that have made diners more hesitant about eating out. BurgerFi had alluded to the restaurant closures earlier this year, but in a court filing this week, it listed each location individually on a schedule of leases that it plans to reject as part of the bankruptcy process. In the filing, BurgerFi said it had determined that the restaurants were “suboptimal performers in terms of revenue and profits.” All personal property left behind at the locations is now considered abandoned.
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News
- DJT stock falls another 10%. Could Trump Media's plunge finally spell the end for SPACs? [Yahoo! Finance]Yahoo! Finance
- Anthony's Coal Fired Pizza in Cranberry to close as parent company delists from Nasdaq [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Fortune]Fortune
- BurgerFi receives cash to fund operations during bankruptcy [Seeking Alpha]Seeking Alpha
BFI
Sec Filings
- 9/17/24 - Form 8-K
- 9/5/24 - Form 3
- 8/30/24 - Form 8-K
- BFI's page on the SEC website