Bryn & Dane’s, the Plymouth Meeting, Pa.-based mini-chain of healthful fast-casual cafes that sell wraps and smoothies, filed for bankruptcy protection to get out of the leases of two shuttered locations, founder Bryn Davis said, adding that it was business as usual at three remaining locations, the Philadelphia Inquirer reported. The voluntary petition, filed Jan. 29 in U.S. District Court, is seeking protection under chapter 11 of the Code listing assets and liabilities of $500,000 to $1 million. Davis owns 69.17 percent of the equity in Bryn & Dane’s Global, while 14 individuals and entities own the remainder, according to the filing. The filing followed by two weeks the abrupt closings of Bryn & Dane’s locations in Malvern and Center City Philadelphia which he said involved different business partners. Bryn & Dane’s current locations — in Horsham, Plymouth Meeting, and Bryn Mawr — are “operating normally and successfully," Davis said.
