A major U.S. spirits distributor behind well-known vodka and bourbon brands has entered bankruptcy as changing consumer preferences reshape the alcohol industry. The case highlights growing pressure on legacy alcohol companies facing declining demand and rising costs. Bankruptcy filing and background Stoli Group USA, the U.S. distribution arm associated with Stoli vodka and owner of the Kentucky Owl bourbon brand, filed [...]
Major restaurant owner files for bankruptcy as dozens of locations close
The parent company of a string of well-known casual dining and fast-casual restaurant brands has filed for bankruptcy as financial pressures squeeze operations nationwide. The Chapter 11 filing comes as several units have already shuttered locations in recent months. Bankruptcy filing announced FAT Brands, the Los Angeles-based owner of concepts including Fatburger, Round Table Pizza, Johnny Rockets, and Fazoli’s, filed [...]
Is HelloFresh going out of business? Signs pointing to mounting financial pressure
Meal-kit giant HelloFresh has long been one of the biggest names in the subscription food industry – and one of the first brands to start the home meal kit delivery trends around 2012. However, recent layoffs, facility closures, and slowing demand have raised questions about whether the once-fast-growing company is facing deeper financial challenges. History and growth Founded in Berlin in 2011, HelloFresh quickly [...]
California food packaging plant closes, cutting more than 100 jobs
Another blow has landed on California’s manufacturing sector as a longtime food and beverage packaging facility prepares to shut down. The closure highlights ongoing consolidation across the food supply chain as companies respond to rising costs and shifting demand. Bakersfield plant scheduled to shut down Pactiv Evergreen has announced the permanent closure of its Bakersfield, California manufacturing plant, a move [...]
Beloved California restaurant closing after 35 years amid landlord dispute
For decades, diners strolling Rodeo Drive could count on one elegant restaurant as a symbol of Beverly Hills sophistication. Now, one of the area’s longest-running fine-dining destinations is preparing to close its doors for good. 208 Rodeo closing A longtime fixture of Beverly Hills’ luxury dining scene is preparing to serve its final meal. 208 Rodeo, a restaurant that has operated on iconic Rodeo Drive for more than [...]
End of an era: Cole’s French Dip closing after 117 years in Los Angeles
Los Angeles is about to lose one of its most iconic dining institutions. A restaurant that has served generations of Angelenos for more than a century is preparing to close its doors, marking the end of a remarkable chapter in the city’s culinary history. End of an era One of Los Angeles’ most historic restaurants is preparing to close its doors after more than a century. Cole’s French Dip, widely considered the oldest [...]
