Twin Peaks restaurants to remain open following bankruptcy filing [Yahoo! Finance]
Twin Hospitality Group Inc. - Class A (TWNP)
Company Research
Source: Yahoo! Finance
All 114 restaurant locations are expected to remain open and continue normal operations throughout the legal proceedings. The restructuring aims to reduce the company's debt load, though it is currently unknown how the filing will impact long-term shareholder value. ADDISON, Texas The Dallas-based parent company of Twin Peaks, Twin Hospitality Group Inc., has filed for Chapter 11 bankruptcy protection as it works to restructure its debt and strengthen its financial position. What we know In a news release on Monday, Twin Peaks Restaurant announced it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. Twin Hospitality said the filing is intended to reduce debt, maximize value for stakeholders and support long-term growth of its restaurant brands. Twin Hospitality operates and franchises the Twin Peaks sports bar chain. The parent company said all Twin Peak restaurants are expected to remain open and continue norm
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News
- Twin Peaks owner files for bankruptcy. Will Florida locations close? [Yahoo! Finance]Yahoo! Finance
- Infamous ‘Breastaurant' Chain Files for Bankruptcy. Here's What Could Happen to Its 114 Locations [Yahoo! Finance]Yahoo! Finance
- Twin Peaks parent company files for bankruptcy. Will locations close? [USA TODAY]USA TODAY
- Twin Peaks parent company files for bankruptcy. Will locations close? [Yahoo! Finance]Yahoo! Finance
- Twin Hospitality Group files for Chapter 11 bankruptcy [Seeking Alpha]Seeking Alpha