80.3 F
San Fernando
Saturday, Dec 21, 2024

Marie Callender’s in Northridge Closes Amid Bankruptcy

Northridge has lost its Marie Calendar’s Restaurant & Bakery franchise after its parent company, Perkins & Marie Callender’s LLC, filed for Chapter 11 protection from creditors. The eatery at 19310 Business Center Drive is one of more than a dozen Marie Callender’s restaurants in the greater L.A. area that shuttered this week following the filing. In total, 19 “underperforming” locations nationwide have closed, according to a statement from Perkins & Marie Callender’s. The location at 14743 Ventura Blvd. in Sherman Oaks will remain open. The company also closed at least 10 Perkins restaurants, none of which are in California. A statement from the Memphis-based company explained that the Chapter 11 filing would facilitate the sale of its Perkins’ business and a segment of its Foxtail bakery business, which supplies its restaurants and distributors, to a buyer called Perkins Group LLC. “The company is continuing discussions with investors and potential buyers regarding the Marie Callender’s restaurants,” it said. Perkins & Marie Callender’s public filing points to declining sales and rising labor costs as factors leading to the restructuring. It estimates 1,190 employees will be affected by the closings.

Featured Articles

Related Articles