The operator of a small Boston-based chain of British restaurants and pubs has filed for bankruptcy.
According to the Boston Business Journal, Elephant and Castle Group Inc. filed for Chapter 11 bankruptcy protection after defaulting on a loan. The article mentions that difficult economic conditions took its toll on sales and profits at the company, which apparently kept them from being able to make loan payments to GE Canada. For now, the group will keep its restaurant locations open (including the one on Devonshire Street in Boston's Financial District).
Currently, more than 20 locations of Elephant and Castle can be found in the United States and Canada. The parent group also operates the Piccadilly Pub chain of casual American eateries; we have not gotten any information on how the bankruptcy filing might affect them, so keep checking back for updates over the coming weeks.
The address for the Elephant and Castle pub and restaurant in the Financial District of Boston is: Elephant and Castle, 161 Devonshire Street, Boston, MA, 02110.
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