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84-year-old dining chain franchisee files Chapter 7 bankruptcy
Yahoo Financeยท 2025-12-13 19:50
Core Insights - The restaurant industry has faced significant challenges in 2025, with numerous chains closing locations and some filing for bankruptcy protection [1][4][5] Company-Specific Summaries - K&W Cafeterias, a casual dining chain founded in 1937, closed all nine of its locations on December 1, 2025, after downsizing from a peak of 35 locations post-COVID-19 [2][3][8] - The closure was announced via a farewell message on the company's website and social media, which have since been disabled [3][4] - Other restaurant chains, such as Bravo Brio Restaurants LLC and Abuelo's Mexican Restaurant, have also filed for bankruptcy in 2025, citing rising costs and declining sales as contributing factors [4][5] Industry Trends - The trend of restaurant closures has been exacerbated by the COVID-19 pandemic, leading to a wave of bankruptcies and liquidations across the sector [1][5] - Dickey's Barbecue Pit has seen franchisees closing locations, with one franchisee filing for Chapter 7 bankruptcy liquidation in December 2025 [6][7]