Bar Louie restaurant chain acquired by owner of Burger King, Popeyes franchises

Core Insights - Bar Louie, a restaurant chain that filed for Chapter 11 bankruptcy in March, has been acquired by Sun Holdings, which also owns other popular restaurant brands [1][5] - Sun Holdings has expanded its portfolio with the addition of Bar Louie, which operates 39 locations across the United States [1][4] Company Overview - Bar Louie was founded in 1991 in Chicago and had 31 company-owned and 17 franchised locations across 19 states at the time of its bankruptcy filing [2] - The chain previously filed for bankruptcy in 2020 and was acquired by BLH TopCo during that process [2] Industry Context - The bankruptcy of Bar Louie is part of a broader trend in the restaurant industry, with several well-known brands, including Razzoo's Cajun Cafe and Bravo Brio Restaurants, also filing for Chapter 11 recently [3] - In 2018, Bar Louie had 130 restaurants, indicating a significant decline in its operational scale [3] Acquisition Details - The acquisition of Bar Louie is seen as a strategic move for Sun Holdings, enhancing its casual dining portfolio with Bar Louie's unique offerings [5] - The specific terms of the acquisition deal were not disclosed [5]