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Sizzler USA files for bankruptcy


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Sizzler joins the list of chains declaring Chapter 11 due to COVID

Lee Clifford

Fortune

 

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That appears to be the case for Sizzler USA, which filed for bankruptcy Monday in California, joining the growing list of companies that have succumbed to financial struggles caused by the pandemic. Restaurants in particular have been under severe pressure given varying state mandates restricting or limiting indoor dining, and the recent finding that restaurant dining sharply increases COVID spread. California Pizza Kitchen also recently filed for bankruptcy.

 

In a statement, Sizzler said that “the filing is a direct result of the financial impact the COVID-19 pandemic has had on the casual dining sector, particularly long-term indoor dining closures and landlords’ refusal to provide necessary rent abatement.”

 

Indeed, many retail establishments from Gap to other restaurant chains have been negotiating with landlords to try and renegotiate or delay rent payments as the pandemic lingers on.

 

Full story: https://uk.finance.yahoo.com/news/sizzler-joins-list-chains-declaring-203037977.html

 

-- yahoo! finance 2020-09-23

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Who is going to be held responsible for the deaths due to despair for this lock down? We have seen unprecedented destruction of wealth in the middle class, and that money has gone to the billionaires.

Trump ignored and look what happened. 

Neo Marxism seized the reins masqueraded by the "pandemic"?

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14 minutes ago, steven100 said:

This is a real shame, Sizzler were one of the great restaurants years ago where you could go and get a very good decent meal and eat all you want from the fresh salad bar.

Those days are gone, I know there are only approximately two Sizzlers left in Australia, all the rest have closed down.

I expect the Thailand one's will shut down shortly based on this news. 

Better get over to Bangkapi or Eastville Central for my last & final Sizzler. 

Last checked yesterday, Sizzler at Future Rangsit is still open. 

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Wow, did not know that sizzler was an American brand.

 

Last had a meal in a sizzler back in 1998 and usually did not like the taste or look of the food.

 

See in Bangkok they have adapted the brand a bit and have a few pop up stores on some BTS stations selling quick take out food, but have never seen anyone buying anything.

 

Seems US chain restaurants are prolific in many countries around the world.

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