PB Restaurants Files for Bankruptcy
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
PB Restaurants, known for Pig Floyds Smokehouse, files for Chapter eleven protection amidst a decline in dining out due to economic uncertainty. The parent company lists assets between zero and one hundred thousand dollars, and liabilities from one million to ten million dollars. The owner recently announced handing off the Lee Road location in Winter Park to a new operator. Analysts predict more closures for chains like Applebees, Dennys, and Outback Steakhouse due to high costs, low traffic, and debt.
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