26-year-old sushi chain files for Chapter 11 bankruptcy [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
The latest industry estimates pin the market for grab-and-go sushi in stores at $2.8 billion and sushi restaurants at more than $17 billion. The global sushi market will grow at a CAGR rate of 7% to more than $24 billion by 2030. But while global chains like Sushiro and Kura Sushi continue to expand and open new locations around the world, not every sushi restaurant or chain ever launched enjoys the same success, according to data from analytics firm Strategic Market Research Tsunami Sushi files for Chapter 11 bankruptcy, restaurants to stay open Launched out of Lafayette in Louisiana at the end of 1999, the sushi and specialty roll chain Tsunami Sushi eventually expanded to four locations but has now filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Louisiana on March 2. The four restaurants in Lafayette, New Orleans and Baton Rouge are, according to the filing, expected to stay open as the company reorganizes its debts and crafts a fina
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- 3/6/26 - Form 4
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- 3/6/26 - Form 144
- WMT's page on the SEC website