Planta, a restaurant chain based in a U.S. factory, has announced the filing of Chapter 11 bankruptcy protection.
This move is part of reducing costs as consumers lose their eating habits.
Planta’s parent company CHG US Holdings and 17 branches seek protection in the U.S. bankruptcy court in Wilmington, Delaware.
According to reports street.
The bankruptcy petition was filed in Delaware on May 12, 2025.
In a statement, the report Reuters The restaurant chain mentioned that it views its restructuring as a “strategic opportunity to simplify our cost structure and strengthen our balance sheet.”
Planta was founded in 2016 by CEO Steven Salm, with locations in major markets such as Atlanta, Bethesda, Chicago, Los Angeles, New York, New York, Southern Florida, Toronto and Washington, D.C.
The food service sector has encountered several high-profile bankruptcies over the past year, with chains such as Red Lobster, TGI Fridays and Buca di Beppo getting stuck due to consumer discretionary spending.
Burger Holdings, a Burger King franchisee, has 57 outlets in Florida and Georgia, and filed for Chapter 11 bankruptcy protection in April 2025.
The Destin-based company reported assets and liabilities between $50 million and $100 million, with operations spread across three geographic clusters.
The U.S. Hooters (HOA) is also entering bankruptcy lawsuits in Texas to resolve its $376 million debt.
HOA plans to sell all its company-owned restaurants to a consortium, which includes two of its existing franchisees, which jointly manages over 30% of Hooters’ domestic franchises, including 14 of the highest-grossing stores.
“Chapter 11 Bankrupt Plant Archives” was originally created and published by GlobalData’s brand District Food Service.
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