Krystal Files for Bankruptcy in Georgia

ATLANTA, GA (Ben Caxton) — Atlanta-based fast-food chain Krystal has filed for bankruptcy citing increased competition, shifting consumer tastes, the rise of online delivery platforms and a tight labor market making it difficult for the 88-year-old brand to thrive. The company claims between $50 and $100 million in debt but its restaurants will remain open during the bankruptcy and reorganization process. Krystal is the second-oldest quick-service restaurant in the US with about 300 restaurants and 7500 employees. Krystal’s locations in Clarksdale and Cleveland closed in 2014.

 


RECOMMENDED FOR YOU

Be the first to comment on "Krystal Files for Bankruptcy in Georgia"

Leave a comment

Your email address will not be published.


*