American Hospitality Concepts, Inc., the parent of the Ground Round Grill & Bar restaurant chain, filed for Chapter 11 bankruptcy protection in Boston. This filing followed the abrupt closing of 59 corporate-owned Ground Round restaurants last Friday. One hundred thirty franchised Ground Round restaurants remain open. For another report, see the Springfield News Sun. No schedules have been filed.
Posted by franchiselawblog at February 20, 2004 10:56 AM