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Garden Fresh Files Chapter 11, Plans Sale

Submitted by jhartgen@abi.org on

The owner of the Souplantation and Sweet Tomatoes buffet chains filed for bankruptcy yesterday to facilitate a sale of the brands amid the continuing tough environment for restaurants, CFO.com reported yesterday. Garden Fresh Restaurant Corp. plans to close between 20 and 30 underperforming restaurants as part of its chapter 11 reorganization. It currently operates 124 units, primarily on the West Coast and in the Southwest. Garden Fresh, which is owned by private-equity firm Sun Partners, is the ninth restaurant operator to be pushed into bankruptcy since November 2015.