Arby's franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing? (2024)

FAQs

Arby's franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing? ›

Are Arby's restaurant locations closing via Miracle Restaurant Group's Chapter 11 bankruptcy? No. Miracle Restaurant Group is attempting to sell the remaining locations in Illinois (8), Indiana (2) and Texas (7), according to court documents.

Is Arby's filing for Chapter 11 bankruptcy? No. Franchise operator Miracle Restaurant Group is filing for bankruptcy and owns 25 Arby's locations in Illinois, Indiana, Louisiana, Mississippi and Texas.

COVINGTON, La. (WKRC) — An Arby's franchisee has filed for Chapter 11 bankruptcy protection. According to Nation's Restaurant News,Louisiana-based Miracle Restaurant Group LLC has filed for Chapter 11 bankruptcy protection for the second time.

Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.

The lawsuit accuses Arby's of violating the New York Deceptive Acts and Practices Act, breach of contract and unjust enrichment. Alongis claims that had he known the amount of meat in his sandwich would only contain half of what was advertised and would not have rare roast beef, he would not have purchased the meal.

Arby's system sales increased 1.8% in 2023, according to the Technomic Top 500 Chain Restaurant Report. The system closed a net of two locations last year, finishing 2023 with 3,413. Miracle Restaurant Group sold three stores in Indiana to pay down some debt.

For the past three years, there has hardly been a day when a 98-year-old World War II veteran Doug Parker, known as "Mr. Doug," hasn't either stopped by his local Arby's in Chandler, Arizona for lunch or had it delivered to him.. His order? A roast-beef slider with Swiss cheese and a senior drink... co*ke with no ice.

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and duties of a trustee, may continue to operate its business, and may, with court approval, borrow new money.

Wendy's/Arby's

The purchase was finalized on September 15, 2008, when shareholders of both Triarc and Wendy's agreed to the terms. As part of the terms, the name was changed to Wendy's/Arby's Group, Inc.

Did Subway get bought by Arby's? ›

Subway has agreed to sell itself to Roark Capital, a private equity firm and owner of eateries including Arby's, Sonic, and Buffalo Wild Wings, reports Reuters. Subway did not disclose the terms of the deal. Sources indicate the deal is valued at more than $9 billion.

NEW YORK (AP) — Dunkin' doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches. Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc.

It's no surprise that Ohio is still the restaurant's No. 1 fan, with a whopping 277 locations scattered across the state. After Ohio, Michigan, Indiana, Florida, Texas, and Georgia lead the list, each with over 150 Arby's franchises.

Arby's main competitors are Chipotle Mexican Grill, Jack in the Box, and White Castle.

announced Nov. 28 that the companies have entered into a definitive merger agreement under which Arby's will acquire Buffalo Wild Wings for $157 per share in cash in a transaction valued at approximately $2.9 billion, including Buffalo Wild Wings' net debt.

After the three made their escape, T.J. demanded to be taken home. The Simms brothers refused, and T.J. threatened to tell everyone about what had just happened. They then beat him and went to play pool, leaving T.J. gravely injured in the back of their truck.

Arby's announces $2.9b Buffalo Wild Wings acquisition Arby's announces $2.9b Buffalo Wild Wings acquisition. Transaction expected to close during first quarter of 2018. Arby's Restaurant Group Inc. -- owned by affiliates of Roark Capital Group (Roark), an Atlanta, Ga.