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BurgerFi - 3 Burger - 2 andexpected - 1 “ - 1 ” - 1 Jeremy Rosenthal - 1 ” BurgerFi - 1 New York CNN — BurgerFi - 1
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Search resuls for: "BurgerFi"


4 mentions found


☆ BurgerFi files for Chapter 11 bankruptcy
  + stars: | 2024-09-11 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +3 min
New York CNN —Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress. BurgerFi, filing for bankruptcy protection in the U.S. District Court for the District of Delaware, said all of its corporate locations will operate normally. Franchise-owned locations are exempt from the bankruptcy filing, the company said in a press release. A common route is Chapter 11 bankruptcy, which allows the company to solve its financial problems through reorganization. According to the bankruptcy filing Wednesday, BurgerFi estimates it had between $100 million and $500 million in liabilities, but only $50 million to $100 million in assets.
Persons: Burger, BurgerFi, andexpected, “, ”, Jeremy Rosenthal, ” BurgerFi Organizations: New, New York CNN, District of, Anthony’s Locations: New York, McDonald’s, U.S, District of Delaware, Florida
☆ Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
  + stars: | 2024-09-11 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had "substantial doubt" about its ability to operate. The company joins the growing list of restaurant chains that have resorted to bankruptcy to turn around their businesses, from Red Lobster to Buca di Beppo. Broadly, the restaurant industry has seen chains, independents and franchisees alike struggle with declining traffic and high interest rates. BurgerFi has assets of $50 million to $75 million and total debts of $100 million to $500 million, according to a bankruptcy filing. For the quarter ended April 1, BurgerFi reported revenue of $42.9 million and a net loss of $6.5 million.
Persons: BurgerFi Organizations: Anthony's, Wings Locations: Arlington , Virginia
☆ BurgerFi is in big trouble and may go out of business
  + stars: | 2024-08-19 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. Because of the lack of cash, BurgerFi is uncertain if it can continue to operate its 60 pizza stores and 102 burger restaurants. Food prices have also hurt BurgerFi – the company cited a price increase in chicken wings and higher wages for its increase in operating expenses. BurgerFi first rang the alarm in May, when it announced it was going over “strategic alternatives” due to its liquidity challenges. BurgerFi (BFI) went public in 2020, and its stock has dropped almost 60% year to date.
Persons: New York CNN — BurgerFi, Burger, wouldn’t, BurgerFi, it’s, There’s Organizations: New, New York CNN, Anthony’s, SEC, CNN Locations: New York
☆ Robots? Some Companies Find Only Humans Can Do the Job
  + stars: | 2022-11-03 | by ( Katie Deighton | Matt Beane | University Of California | ) www.wsj.com   time to read: +12 min
Others have ground to a halt, sending companies back to technology that is less sci-fi, but can be deployed more quickly and cost-effectively. Some companies are satisfied their robots are doing the job. The perils of the outdoors are a big problem for delivery robots, in particular. Some people have also raised concerns that delivery robots could block wheelchair access on sidewalks or otherwise get in the way of humans, leading local authorities to limit or prohibit their use. Toronto, for example, last December banned delivery robots.
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