The Garces Restaurant Group is officially up for sale, after a contentious month-long process, the Philadelphia Business Journal reported. Chef Jose Garces' eponymous restaurant group earlier this month announced it filed for chapter 11 bankruptcy protection and intended to sell for over $5 million to Louisiana-based Ballard Brands, which owns the PJ's Coffee franchise in New Orleans, among others. A federal judge on Wednesday awarded the Louisiana hospitality company stalking-horse status, with a current bid of $6.6 million, which sets that figure as the low-end bar on bids. Additional bids have a June 21 deadline. If there are competing bids, there will be an auction on June 26 at Greenberg Traurig in Philadelphia.
