From Yahoo Finance: 2025-03-28 13:48:00

Bar Louie has filed for Chapter 11 bankruptcy for the second time, citing financial and operational challenges. This comes after recent closures in Detroit, Nashville, and East Brunswick. The chain operates 31 company-owned locations and 17 franchised ones across 19 states.

As part of the bankruptcy process, Bar Louie plans to close at least 13 corporate-owned locations out of the 48 listed on its website. The company’s chief administrative officer attributes underperformance to inflationary pressures and rising costs, leading to decreased consumer spending on dining out.

Bar Louie previously filed for bankruptcy in 2020 and was bought by BLH TopCo. The chain listed assets of $1-10 million and liabilities of $50-100 million in its filing, with US Foods being its largest creditor. The recent closure of a Nashville location was part of the restructuring plan.

Bar Louie’s bankruptcy is part of a trend in the restaurant industry, with On the Border, TGI Fridays, and Red Lobster also filing for Chapter 11 protection. The chain cites increased operational costs and macroeconomic pressures as reasons for the financial struggles.

Read more: Bar Louie closes more than a dozen restaurants, files for Chapter 11 bankruptcy protection