KANSAS CITY, Mo. — A second Kansas Metropolis-area restaurant group has filed for chapter in current days.
filed for Chapter 11 chapter over the weekend, Houlihan’s Eating places, Inc. adopted go well with on Thursday,
The corporate additionally introduced it had reached a purchase order settlement with Landry’s Restaurant Teams, which already operates eating places within the metro, together with McCormick & Schmick’s and Saltgrass Steakhouse.
HRI mentioned it initiated Chapter 11 proceedings to facilitate the sale and had obtained new, liquidated financing that may maintain it in operation throughout the course of.
Franchise eating places will not be affected, HRI mentioned, and firm leaders “expect the process to be seamless for our guests, team members and vendors.”
“Our brands continue to outperform competitors in sales and traffic and our profitability is improving across the company. This transaction provides us the opportunity to advance these successes and focus on our growth going forward,”mentioned Mike Archer, chief govt officer of HRI.