Fox & Hound Restaurant Group filed for chapter 11 protection to sell its assets through a court process, as weakening profit and cash shortage hurt the sports bar and pub operator, Reuters reported yesterday. F&H Acquisition Corp, parent of Fox & Hound, listed out assets and liabilities in the range of $100 million to $500 million. The parent operates sports bars and casual family dining restaurants under the Fox & Hound and Champps brands. Besides Fox & Hound, 41 of F&H's affiliates also filed for bankruptcy protection. F&H also sought court approval for a DIP financing, which will provide it with a revolving credit facility of about $3.5 million on an interim basis and about $9.6 million on a final basis.
