Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection

A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had "substantial doubt" about its ability to operate. The company joins the growing list of restaurant chains that have resorted to bankruptcy to turn around their businesses, from Red Lobster to Buca di Beppo. Broadly, the restaurant industry has seen chains, independents and franchisees alike struggle with declining traffic an ...