Roti, the Mediterranean chain, says it has declared Chapter 11 bankruptcy. | Image courtesy of Roti.
Roti, the Mediterranean fast-casual chain, on Friday said it had declared Chapter 11 bankruptcy, joining a parade of summertime restaurant chain restructurings.
The Chicago-based chain said it plans to use the Chapter 11 process to find new investors or a buyer as it reorganizes its finances.
The company says that it hopes to ensure that its locations in Chicago, Minneapolis and Washington, D.C., will remain open.
The move follows a tough few years for the chain, which finished 2023 with 20 locations, about half the number it operated before the pandemic, according to data from Restaurant Business sister company Technomic.
Many of the…
