New York CNN —
Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress.
BurgerFi is another casualty of the rough business conditions hitting fast casual chains this year, which included Rubio’s, Buca di Beppo and Red Lobster also declaring bankruptcy. Even if not filing for bankruptcy, McDonald’s, Starbucks, Burger King and Wendy’s have all reported less foot traffic and lower overall sales, turning to value meal propositions to attract customers.
BurgerFi, filing for bankruptcy protection in the U.S. District Court for the District of Delaware, said all of its corporate locations will
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