Saturday 19th August, 2017
26.9
82 ℉ | 104 ℉Phoenix
flo-restaurants-files-for-chapter-11-bankruptcy

Flo's Restaurants files for Chapter 11 bankruptcy

Business Journal - Saturday 12th August, 2017

Scottsdale Flo's Restaurants Inc., which runs the three Flo's Asian eateries in the Phoenix metro, has filed for Chapter 11 bankruptcy.

According to owner Flo Chan, the filing was a result of unfulfilled loan payments that were received in order to open three additional restaurants.

Chan said that because of recession woes, one of the locations in D.C. Ranch was shuttered.

The Chapter 11 filing is meant to restructure debts.

"The revenue from our two remaining restaurants, though strong and healthy,...

Read More

More Arizona State News

Access More
Loading data...
{{item.TITLE}}

{{item.DATE}}

{{item.TITLE}}

{{item.DATE}}

Sign up for Arizona State News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!