Perkins & Marie Callender’s Inc., owners of Perkins restaurants, filed for Chapter 11 bankruptcy protection Monday, Reuters reported. The company listed assets at $290 million and liabilities at $440.8 million. Castle Harlan Inc. bought the restaurant company in 2005, and in April hired an adviser to explore its options – including bankruptcy. Perkins owns about 600 restaurants across North America.
(Reuters) – Perkins & Marie Callender’s Inc, owners of Perkins restaurants, filed for bankruptcy in a Delaware court on Monday.
The company listed total assets at $290 million and liabilities at $440.8 million in its Chapter 11 petition. Eleven of its affiliates were included in the bankruptcy filing.
Perkins, which was formerly known as The Restaurant Company, operates or franchises around 600 restaurants in the United States, Canada and Mexico, court papers show.
The case is in re: Perkins & Marie Callender’s Inc, U.S. Bankruptcy Court, District of Delaware, No. 11-11795.
(Reporting by Tanya Agrawal in Bangalore; Editing by Prem Udayabhanu)