News Elsewhere: Texas-Based Souper Salad Files for Chapter 11 Bankruptcy
A Texas-based salad buffet chain has filed for bankruptcy, citing a drop in consumer confidence and "prolonged headwinds."
According to the Nation's Restaurant News, the parent company of Souper Salad filed for Chapter 11 bankruptcy protection yesterday and is currently looking at options for the business. The article mentions that the chain has been closing locations and trying to cut down on overhead and supply-chain expenses, as well as trying some new marketing to increase business, but finally decided that reorganization would be the best way to go. The parent company (SSI Holding Group Corp.) sees business continuing as usual during the reorganization process.
While Boston has a couple of restaurants called Souper Salad (on Berkeley Street and Brookline Avenue), neither is connected with the Texas company, as the Boston locations are part of a local company called Fresh Concepts, which also runs Fresh City restaurants in the Boston area and elsewhere in New England.
For more on the bankruptcy of the Texas-based Souper Salad, please go to the Nation's Restaurant News link below.
Souper Salad files for bankruptcy protection
Thanks to Grub Street Boston for bringing this to our attention.