Nation's Restaurant News: Macaroni Grill files for bankruptcy protection

Romano’s Macaroni Grill is facing lawsuits as it closes locations across the country. According to a recent article in Nation's Restaurant News, the company has filed for Chapter 11 bankruptcy protection. This decision follows the brand's actions to close 37 locations.

Macaroni Grill has been experiencing slower profits, which have made it difficult to keep up with an increase in labor and commodity costs. CEO Nishant Machado says that another challenge facing the company is, "a trend among younger customers to spend their disposable income at non-chain ‘experience-driven’ restaurants."

The brand is currently facing lawsuits from landlords who are "seeking to recover damages far in excess of anything they would be entitled to under bankruptcy.”

Read the full article here.