Uno Chicago Grill Files for Bankruptcy

Another significant chain just joined the ranks of retailers and restaurants filing for bankruptcy in the last year. Uno Restaurant Holdings, owner of the Uno Chicago Grill deep-dish pizza chain filed Chapter 11 earlier this week after facing an overload of debt and declining sales, which are hurting many casual restaurant chains during the recession.

The owner of 179 full-service restaurants as well several quick-service locations in airports and other non-traditional venues, already closed 16 of its larger units.

Management says the company is in the works to shed $142 million in debt by giving bondholders a majority stake in the restaurant chain. It also says there are opportunities for growth after emerging, which could happen by the end of the spring. The Boston-based company was growing is quick-service locations before the filing, opening 160 Uno Express outlets since the summer of 2008.

Is the Uno brand strong enough to make it, or are some of the many casual chains out there bound to go away?

ALSO: Coach’s Stock Not Helped By Sales Uptick

3 Responses to “Uno Chicago Grill Files for Bankruptcy”

  1. 1 ron January 22, 2010 at 9:13 am

    shows that Pizza is regional, east coast VS deep dish midwest. UNO is Chicago Pizza.

  2. 3 Market Participant January 26, 2010 at 1:01 am

    Uno’s was/is among the best of the apostrophe s restaurants (Uno’s, chili’s, applebee’s etc) Very good pizza, even if the crust was a tad inauthentic (added butter oil flavoring). Much better than Domino’s.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Bookmark and Share


January 2010
« Dec   Feb »

Ian Ritter on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

RSS’s Top Stories

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: