The Philadelphia Business Journal reports that Plymouth Meeting-based Bryn & Dane’s has filed for Chapter 11 bankruptcy protection. From the Philadelphia Business Journal:
Bryn and Dane’s Global Inc., a Plymouth Meeting-based fast-casual restaurant chain, has voluntarily filed for Chapter 11 bankruptcy protection.
Both the 11-year-old company’s debt and assets are valued between $500,001 and $1 million, according to a Jan. 29 filing in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. A list of creditors is not part of the initial documents and is anticipated to be filed in court by Feb. 12, records show. Bryn and Dane’s owes money to fewer than 50 creditors, according to the bankruptcy filing.
Bryn & Dane’s opened its first store in Horsham in 2009 and in 2015 opened a location in Plymouth Meeting that also housed its corporate office on the second floor.
Earlier this year locations in Malvern and Philadelphia, which were joint ventures, were closed. The locations in Horsham, Plymouth Meeting and Bryn Mawr are still open.
Read the full Philadelphia Business Journal article here.
Disclosure – Michael Golden, an investor in Burb Media, is a creditor of Bryn & Dane’s.