Dive Brief:
- One Table Restaurant Brands, the parent company of the 24-unit chain Tender Greens and the 15-unit chain Tocaya, filed for Chapter 11 bankruptcy protections Wednesday, court documents show.
- One Table was created in 2021 after the COVID-19 devastated Tender Greens and Tocaya. The unusual business combination was intended to “provide a leveraged platform of shared people resources and supply chain synergies,” according to a declaration in support of the company’s bankruptcy filed by CEO Harald Herrmann on Thursday.
- The company was also impacted by high debt following the business combination, as well as a loss of traffic and high commission rates for third-party…
