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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSizzler, one of America's first steakhouse chains, files for bankruptcy
Sizzler USA, one of the country's first casual restaurant chains, has filed for bankruptcy.
The 62-year-old company said it filed for Chapter 11 because of Covid-19, which forced it to temporarily close its restaurants' dining rooms. Sizzler USA also had problems paying rent.
The filing is only for Sizzler's 14 company-owned restaurants -- not its international locations or more than 90 franchised US restaurants. Sizzler explained in a press release that it's using the bankruptcy process to reduce debt and renegotiate its leases.
"Our current financial state is a direct consequence of the pandemic's economic impact due to long-term indoor dining closures and landlords' refusal to provide necessary rent abatements," said Sizzler President Chris Perkins in a statement. The company aims to exit bankruptcy in about 120 days and company-owned locations will continue to operate.
https://www.msn.com/en-us/money/companies/sizzler-one-of-americas-first-steakhouse-chains-files-for-bankruptcy/ar-BB19ikLg?ocid=NL_ENUS_D1_20200922_6_2
I didn't know they were still around. None in my area.
soothsayer
(38,601 posts)Initech
(99,915 posts)There's only one in my neck of the woods and that's all that I know of.
AllaN01Bear
(17,383 posts)BlueTsunami2018
(3,461 posts)I had no idea they were still around.
Codeine
(25,586 posts)in the late 80s Sizzler was one of the main places I could get a decent meal on the road as they were going through a phase where they had large salad bars with a decent selection. They were everywhere back then.
Sherman A1
(38,958 posts)more of the Covid fallout.
SWBTATTReg
(21,859 posts)wonderful salad bar, and all of the trimmings, and then of course the meals themselves. I wish them the best, so many of these types of places have closed over the years.