Chicago-based Roti, a fast-casual Mediterranean-style restaurant, plans to keep its locations open while it seeks new investors and reorganizes its struggling finances.
Roti, a Mediterranean chain based in Chicago with 19 restaurants in three large metro areas, has filed for Chapter 11 bankruptcy protection.CHICAGO – Roti, a Mediterranean chain with restaurants in multiple large metro areas, has filed for Chapter 11 bankruptcy protection, joining several other dining chains.
“After careful consideration, filing for bankruptcy protection was the best way to address our challenges — including financial performance, higher costs, mixed location performance and tough market conditions,” Seamonds said, Meanwhile, only 21% said they planned to increase summer restaurant spending, according to the survey.
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