Secures Interim Approval to Access New Financing FORT LAUDERDALE, Fla. , Sept. 16, 2024 /PRNewswire/ -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) ("BurgerFi" or the "Company"), owner of the high-quality, casual dining chain Anthony's Coal Fired Pizza & Wings ("Anthony's") and one of the nation's leading fast-casual "better burger" dining concepts, BurgerFi, today announced that it received interim Court approval of its "first day" motions designed to facilitate and ensure the continued and uninterrupted operations of the Company's 144 locations, as requested.
The company said it filed for Chapter 11 reorganization to "preserve the value" of its brands "for all stakeholders."
BurgerFi filed for bankruptcy, joining the growing list of restaurant chains that have turned to Chapter 11 to turn around their businesses. The company owns its namesake burger chain and Anthony's Coal Fired Pizza & Wings.
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Restaurants Industry | Consumer Cyclical Sector | Mr. Carl J. Bachmann CEO | SGX Exchange | US12122L1017 ISIN |
US Country | 1,015 Employees | - Last Dividend | - Last Split | 26 Mar 2018 IPO Date |
BurgerFi International, Inc., previously known as Opes Acquisition Corp., is a distinctive player in the fast-casual and premium-casual dining market, specializing in a variety of high-quality, fresh food offerings. From its inception in 2011, the company has established a strong presence in the United States through both owned and franchised restaurant outlets under the BurgerFi and Anthony's brand names. Reflecting a strategic rebranding, the company transitioned to its current name in December 2020 and is strategically headquartered in Fort Lauderdale, Florida. BurgerFi International, Inc. takes pride in distinguishing itself by emphasizing quality and variety across its menu items, catering to a broad spectrum of dining preferences and experiences.
The company offers a diverse range of dining options that cater to the tastes and preferences of a wide audience: