Popular breakfast restaurant chain files for Chapter 11 bankruptcy
PennLive.com••business
Key Points:
- Taste of Belgium, a Cincinnati-based breakfast restaurant chain, has filed for Chapter 11 bankruptcy protection to reorganize its business while continuing operations amid financial challenges.
- The chain has closed eight locations over the past two years, reducing from 11 locations in Ohio and Kentucky to three currently open sites in Cincinnati.
- Founder Jean-Francois Fletchet described the bankruptcy filing as a proactive measure to stabilize the business and ensure long-term sustainability, emphasizing that no immediate restaurant closures are planned.
- The filing was driven by shifts in consumer dining habits, impacts from COVID-19, rising inflation, decreased downtown foot traffic, and high commissions from third-party delivery services.
- Taste of Belgium plans to keep serving customers as usual and may
