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Need deep dish pizza in your life? We found it all over Michigan
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The B O B & Grand Rapids Brewing Co reopen in downtown Grand Rapids following COVID shutdown
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Amid coronavirus, many restaurants were sold through the bankruptcy process
Once the coronavirus pandemic hit and the U.S. population realized it would last longer than the two-week quarantine everyone initially thought, it became clear that bankruptcies would be on the horizon for some restaurants.
Among independent restaurants, we saw declarations of bankruptcy from Stephen Starr, Maison Kayser, BarFly and more.
Some of these brands were already in trouble before the pandemic. Months of indoor-dining restrictions, layoffs, the added costs of sanitation protocols didn’t help.
By Chloe declared bankruptcy, despite a legal battle with founder Chloe Coscarelli, who was pushed out after the first year. She was later awarded 50% ownership before the company filed for reorganization, citing COVID. The investor group that acquired the brand will be required to change the name.
The first wave of COVID bankruptcies has arrived Updated: February 26 Published February 26
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Print article A New Albany, Ohio, music school offering piano, guitar and violin lessons racked up nearly $1 million in loans and $35,000 in credit card debt. A fine dining restaurant in Providence, R.I., received more than $450,000 in federal small-business funds to help pay workers but still had to close its doors. A nonprofit overseeing the Kit Carson Home and Museum in Taos, N.M., welcomes visitors to learn about the famous frontiersman but listed just $17,000 in assets even after every bone-handled knife, buffalo hide apron and flintlock musket had been tallied.
Bankruptcies are pummeling the real estate, energy, retail and restaurant industries a year into the pandemic
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