The nationwide Bar Louie restaurant chain has reportedly filed bankruptcy for the second time in five years, bringing into question the fate of Bar Louie restaurants across Pennsylvania.
Here’s the latest on the Bar Louie bankruptcy filing.
Bar Louie files for bankruptcy after closing several locations
Restaurant trade news magazine FSR reported that Bar Louie, after closing 14 locations in Colorado, New Jersey, Illinois, Ohio, Michigan, Missouri, and Texas, remains in roughly $70 million in debt, even after Bar Louie’s parent company lent it nearly $3 million in financing.
Bar Louie’s closed location at One Bellevue Place in Nashville on Thursday, March 27. The company shut down at least 14 locations as it filed Chapter 11 bankruptcy on Wednesday.
Bar Louie also filed for bankruptcy in 2020 when it closed 38 locations.
What will happen to the Bar Louie locations in Pennsylvania?
So far, there is no indication that the bankruptcy proceedings will impact the Bar Louie locations in Pennsylvania, but that could change at any moment.
Bar Louie currently operates two locations in Pennsylvania.
Bar Louie, 2960 Center Valley Parkway Suite 700, Center Valley:
Bar Louie North Shore, 330 N Shore Drive Building 1B, Pittsburgh:
Even with the business turmoil, Bar Louie will celebrate its 35th anniversary this year.
Bar Louie was founded in 1990 in Chicago and offers a mix of American-style food with a modern twist, featuring items like craft burgers, flatbreads, sandwiches, and shareable appetizers.
The drink menu is also a major draw, with an extensive list of signature cocktails, local and craft beers, and a curated selection of wines.
Many locations are situated in bustling urban centers, shopping districts, or nightlife areas, catering to a mix of young professionals, casual diners, and weekend crowds.
Damon C. Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic Region.
This article originally appeared on Erie Times-News: Bar Louie files for bankruptcy; will it impact Pennsylvania locations?
Read the full article here