37-year-old Italian restaurant chain quietly closes most locations
Yahoo Finance·2025-11-27 18:07

Core Insights - Longstanding restaurant chains, including Romano's Macaroni Grill, are facing closures, marking the end of traditions that have shaped family routines for decades [1] - The chain has experienced significant operational challenges and financial strain, leading to a reduction in its locations from 93 to only nine remaining open nationwide [2][4] Company Overview - Romano's Macaroni Grill was founded in 1988 in Leon Springs, Texas, and became a nationally recognized brand known for its Italian-inspired dishes and extensive wine selection [2] - The company filed for Chapter 11 bankruptcy in October 2017, reporting $23 million in secured debt and negative earnings of $12 million on $230 million in revenue at that time [6] Recent Developments - The recent permanent closure of the Harrisburg, Pennsylvania location marks the end of the chain's presence in the state, following 20 years of operation [3] - Despite the website listing 17 locations, many have closed, with only nine restaurants confirmed to be operational after reviewing local news reports and online listings [4] Industry Context - The chain cited declining sales, rising operational costs, and a downturn in the casual dining sector as key factors contributing to its struggles, as consumer preferences shift towards cheaper and faster dining options [8] - The restructuring efforts aim to reduce legacy liabilities and obligations stemming from decisions made by past ownership [8]

37-year-old Italian restaurant chain quietly closes most locations - Reportify