Childhood favorite Cici’s Pizza announced Monday it will file for bankruptcy.
The company, based in Plano, cited declining in-store sales due to COVID-19 and getting left behind in a world filled with dining-to-go and app-based food delivery services.
“This trend poses significant challenges to Cici’s all-you-can-eat buffet model, which depends on in-store dining for approximately 99% of its revenue,” the company said in a filing.
Continue readingFiled under Crave, Steven Doyle
Houston-based Ignite Restaurant Group Inc. — the parent company for Joe’s Crab Shack and Brick House Tavern + Tap — is preparing to file for bankruptcy as soon as next week.
The potential bankruptcy comes as the company is for either Ignite’s entire business or separate sales of its two brands. Ignite also recently was de-listed from the Nasdaq Stock Market and underwent some executive changes, as Jonathan Tibus replaced CEO Robert Merritt. Continue reading
Filed under Crave, Steven Doyle
by Steven Doyle
Big news shot down the intertubes late yesterday with the announcement that the Bankruptcy Court found it was appropriate for Firebird Restaurant Group to take over operations of all six Snuffer’s Restaurant & Bar locations. You may know Firebird from their other ventures, El Fenix, Meso Maya and Taqueria La Ventana. Firebird acquired the Snuffer’s bank note back in March and was positioned to take over the concept through the bankruptcy rather than watch Snuffer’s close its doors.
Minutes after Firebird rattled off their announcement, Pat Snuffer sent word that he was opening Pat’s Burger & Cheddar Fries at 3526 Greenville Avenue. This is the site of the original Snuffers that was demolished and is currently being rebuilt. Pat Snuffer is joined by his son Mike and long time associate, Steve Cole. Snuffer said that the new restaurant will be a casual neighborhood spot offering traditional burger joint fare. Consider this a Snuffer’s reset. Continue reading
Filed under Steven Doyle
