Deals
Perkins & Marie Callender’s Seeks Sale in Chapter 11 Bankruptcy
- Company has found a stalking horse bidder for Perkins assets
- Restaurant chain and pie maker owes lenders over $100 million
A Perkins Restaurant in Urbana, Illinois.
Photographer: Ken Wolter/ShutterstockThis article is for subscribers only.
Restaurant operator and pie maker Perkins & Marie Callender’s LLC filed for Chapter 11 protection from creditors in Delaware as it seeks to sell itself.
The company, which operates and franchises Perkins Restaurant and Bakery as well as Marie Callender’s Restaurant and Bakery, owes its lenders more than $100 million. It’s the second bankruptcy for the chain, which emerged from its last round of court protection in 2011.