Shari's parent company files for bankruptcy more than a year after closing Oregon diners
KATU • • business
Key Points:
- Lena Brands LLC, the parent company of Shari’s Cafe & Pies and Coco’s Bakery, filed for Chapter 11 bankruptcy on May 15.
- Shari’s closed all its Oregon locations in October 2024 amid an outstanding debt of over $900,000 to the Oregon Lottery.
- The bankruptcy filing revealed Lena Brands has assets estimated between $1 million and $10 million, and liabilities ranging from $10 million to $50 million.
- Shari’s continues to operate nine locations across Washington, California, and Idaho despite the Oregon closures.