The only thing shocking here is that Max & Erma's was still in business. The retail climate will continue to deteriorate.
Sign of the times: it is rumored that the former flagship Marshall Field's in Chicago, now a Macy's, may not be able to afford a Christmas tree this year for the Walnut room.
Restaurant Chain Max & Erma's Files For Bankruptcy
(AP) – 23 hours ago
PITTSBURGH — The restaurant chain Max & Erma's Inc. has filed for Chapter 11 bankruptcy protection, listing between $1 million and $10 million in debts.
The hamburger and casual dining chain, which is based in Columbus, Ohio, has about 80 restaurants. It was acquired in April 2008 by G&R Acquisitions, which is based in Pittsburgh.
Documents filed Friday in U.S. Bankruptcy Court in Pittsburgh say Max & Erma's has between 200 and 999 creditors.
Typically, companies file for Chapter 11 protection so they can get temporary relief from creditors while developing a financial reorganization plan.
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1 comment:
Lol, Jack worked at Max & Erma's. Actually I don't think he made it past training, but we still have all the exotically colored Max & Erma's t-shirts.
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