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Uno Chicago Grill chain files for Ch. 11 bankruptcy; Dayton location ‘not affected’
The parent company of Uno Chicago Grill has filed for chapter 11 bankruptcy in order to restructure its debts, according to this story from the Chicago Tribune web site.
The chapter 11 filing will have no impact on the Uno Chicago Grill at 126 N. Main St. in downtown Dayton, said Joe Ellis, president of Ri-El Investment Group, which owns the franchise restaurant.
“It’s not going to affect us whatsoever,” Ellis said. “We will continue to operate and will remain in business. … We’re going to stay downtown.”
There are also Uno Chicago Grills in Union Square in West Chester and in the Anderson Towne Center in Cincinnati. The Ri-El Investment group has no ownership interest in those two restaurants, Ellis said.
In a press release from the company, Uno Restaurant Holdings Corporation President and CEO Frank Guidara said, “Today’s announcement marks the beginning of a new era for Uno wherein the Company will no longer be saddled with a burdensome debt load. Accordingly, we will now be able to leverage our operational strength which, combined with the substantially improved cash flow expected to result from our restructuring, will put us in a position to make long-term investments in the future of Uno’s core businesses, Uno Chicago Grill restaurants, Uno Due Go, Uno Express and our Uno Foods Consumer Products Business.”
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