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WBGZ Radio 2/19/2021 |
By Mark Ellebracht - WBGZ Radio
The owners of dozens of Jack in the Box restaurants in the Riverbend, Metro East and in the St. Louis area have filed for Chapter 11 Bankruptcy protection. While some of those locations remain open, the future of others is in question as there was a plan in the works with creditors to close unprofitable stores.
An agreement between Illinois Jack LLC, Missouri Jack LLC and City National Bank could not be reached during recent negotiations prompting the bankruptcy filing on Tuesday. According to a report in the St. Louis Post Dispatch, the companies have agreed to mediation and motions have been submitted so employees will still be paid. The report says the company was struggling before COVID-19 hit and has found it difficult to compete with other chains and find enough employees.
Riverbend Jack in the Box part of bankruptcy
The Telegraph
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Two Alton Jack in the Box restaurants this one at 1649 Washington Ave. and another at 101 Homer M Adams Parkway were part of a bankruptcy filing this week for 68 of the restaurants in Illinois and Missouri.
ALTON The franchisee of 68 Illinois and Wood River Jack in the Box restaurants has filed for bankruptcy.
According to the restaurant industry website QRSmagazine.com, Kelly Kuhlman has been a JIB franchisee since July 2011 with 13 locations in Illinois including Alton, Wood River, Granite City, Troy, Glen Carbon and Collinsville as well as number and 57 in Missouri. Jack in the Box subleases 50 locations and owns the land at 18, according to the site. The stores employ more than 1,650 people.