Restaurants Unlimited, the restaurant group behind Newport Seafood Grill and Portland City Grill, has filed for Chapter 11 Bankruptcy, the Oregonian reports. Both of those restaurants should remain open, but several have already begun to close.
The restaurant group has already closed two restaurants in the Portland area: Prime Rib & Chocolate Cake, a Lloyd District restaurant known for the aforementioned foods, and Portland Seafood Company in Tigard. The group has restaurants across six states, including Henry’s Tavern and Manzana in the Portland area.
Restaurants Unlimited, owned by private-equity firm Sun Capital Partners Inc., mentioned rising minimum wages along the West Coast in its bankruptcy filing — the restaurant group operates restaurants in several major West Coast cities, including San Francisco and Seattle. Outside of Portland, Restaurants Unlimited closed Palomino locations in Bellevue, Washington and Indianapolis, Henry’s Tavern in Plano, Texas, and Stanford’s in Walnut Creek, California.
• Restaurants Unlimited [Official]
• Portland City Grill parent company files for bankruptcy [The O]
• Restaurants Unlimited Declared Bankruptcy [Restaurant Business]