Posts tagged: Perkins
The Spokane Valley Marie Callender's restaurant is one of more than 60 shut down this past weekend as parent firm, Perkins & Marie Callender’s Inc. filed for Chapter 11 bankruptcy protection.
A release noted that the chain expects to close 65 stores and lay off 2,500, roughly 20 percent of its work force of 12,350.
There are four area Perkins restaurants — two in Spokane, one in Spokane Valley, one in Coeur d’Alene that are locally owned franchises which will stay open.
Documents filed with the United States Bankruptcy Court in Delaware indicated the company could not afford to build new restaurants and upgrade existing ones, so it lost traffic to better funded restaurant competitors.