8 Restaurant Chain Bankruptcies That Shook the Industry in 2022

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Times have been tough for many in the food business.

, it was hardly a surprise when GameWorks finally had to quit the restaurant business in 2022. After all, the arcade/billiards/bowling/dining destination had filed for bankruptcy protection twice in as many decades. But this year, its last six locations closed down and GameWorks is done for good this time.The choice to file for bankruptcy and then fold completely was effectively out of the hands of the men and women running Ryan's.

That's because, for a number of years, the chain had been operated by the holding company Fresh Acquisitions. And when Fresh AcquisitionsHale & HeartyOnce a popular and bustling New York City fast-casual go-to, known for its soups, salads, and sandwiches,in the summer of 2022. While signs in Hale & Hearty windows went up stating that the closures were temporary, it soon became clear that indeed the chain was done for.

 

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