“Twin Hospitality plans to use the filings to deleverage the balance sheet, maximize value for its stakeholders, and support the continued growth of its brands,” the company said in a statement.
Executives also reassured customers and employees that operations would continue uninterrupted.
“Throughout the Chapter 11 process, Twin Hospitality expects the brands will remain open and operating as usual and will continue delivering their signature guest experiences.”
However, the recent closures suggest a very different reality, with the brand now rapidly shrinking instead of maintaining stability.
Founded in 1999 by Darden Restaurants, Smokey Bones initially gained popularity as a BBQ sports bar concept offering smoked meats, grilled dishes, and a lively dining atmosphere.
