Restaurant bankruptcies (2024–2026)

The casual-dining and full-service restaurant sector entered a brutal bankruptcy cycle in 2024–2025. The same forces hit chain after chain: oversized footprints, heavy lease obligations, declining foot traffic, and rising food and labor costs. Red Lobster, TGI Fridays, Hooters, Buca di Beppo, Rubio's and On The Border all sought Chapter 11 protection — some liquidating, others restructuring to a smaller core. Below is the running list, drawn from public filings.

7 companies on the list · updated continuously

CompanyStateFiledWhat happened

Bravo Brio Restaurant GroupOH2025-08-18Italian casual-dining operator (Bravo! / Brio)Hooters of America, LLCGA2025-03-31restructuring under a founder-led buyer group On The Border Mexican Grill & CantinaTX2025-03-04closed underperforming locations amid cost pressure TGI Fridays Inc.TX2024-11-02closed 134 restaurants amid declining traffic and lease costs Buca di Beppo, Inc.FL2024-08-04acquired by Main Street Capital via $27M credit bid; restructured to ~44 core locations Rubio's Coastal GrillCA2024-06-05closed dozens of California locations Red Lobster Management LLCFL2024-05-19closed 100+ locations; emerged September 2024 under new ownership

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Drawn from public filings and reporting. Inclusion reflects a documented bankruptcy filing and is not a statement about any company's current operations. Not financial advice.