Kona Grill
Kona Grill is a Sushi restaurant chain that was established in Scottsdale, Arizona and has roughly 40 restaurants in America and Puerto Rico. It has three international locations as well. However, the chain filed for bankruptcy protection in 2019 and it has actually been plagued by closures for years since it was founded in 1998. In March of 2019, Kona Grill announced it was seeking a merger. Aside from filing the bankruptcy petition with the SEC, there were also reports that the CEO of Kona Grill is thinking of resigning from the company.
Kona Grill
Quiznos
This fast-food chain focuses on subs, similar to Subway. Even though Quiznos filed for bankruptcy back in 2014, it was managed to come out of bankruptcy protection after it reduced its debt by roughly $400 million. Its headquarters is still in Denver, Colorado even after High Bluff Capital purchased the chain. Jimmy Lambatos established Quiznos in 1981 and it had 5,000 locations in 2002. As of 2018, that number was whittled down to around 800 locations but the company still has both domestic and international locations. The first major closures started in 2007, with 1,000 stores in the US shut down.
Quiznos
