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Yo_Mama_Been_Loggin

(107,112 posts)
Tue Sep 22, 2020, 05:19 PM Sep 2020

Sizzler, 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.

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Sizzler, one of America's first steakhouse chains, files for bankruptcy (Original Post) Yo_Mama_Been_Loggin Sep 2020 OP
Gosh same here! No idea they existed still soothsayer Sep 2020 #1
I had no idea Sizzler was still a thing. Initech Sep 2020 #2
snap , i wanted 1 where i lived . krum AllaN01Bear Sep 2020 #3
I haven't seen a Sizzler in twenty-five years. BlueTsunami2018 Sep 2020 #4
Ironically, when I adopted a vegan diet Codeine Sep 2020 #5
Sorry to see that but Sherman A1 Sep 2020 #6
Gosh, I'm sorry to hear this. This was one of our favorite buffet type restaurants around, had a .. SWBTATTReg Sep 2020 #7

Initech

(99,915 posts)
2. I had no idea Sizzler was still a thing.
Tue Sep 22, 2020, 05:23 PM
Sep 2020

There's only one in my neck of the woods and that's all that I know of.

 

Codeine

(25,586 posts)
5. Ironically, when I adopted a vegan diet
Tue Sep 22, 2020, 05:32 PM
Sep 2020

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.

SWBTATTReg

(21,859 posts)
7. Gosh, I'm sorry to hear this. This was one of our favorite buffet type restaurants around, had a ..
Tue Sep 22, 2020, 06:33 PM
Sep 2020

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.

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