Deals
Logan’s Roadhouse Said to Plan Bankruptcy Amid Restaurant Slump
- Casual restaurant chain said to file as soon as this month
- Trip to Chapter 11 would follow skipped interest payment
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Logan’s Roadhouse Inc., a Nashville, Tennessee-based steakhouse chain with hundreds of locations, is preparing to file for bankruptcy, according to people familiar with the situation.
The filing for Chapter 11 protection may come as soon as this month, said one of the people, who asked not to be identified because the information is private. The plan hasn’t yet been finalized and could still change. The company, which uses the slogan “Where Steak Rules the Road,” has about 250 restaurants in 26 states.