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Eater-tainment Chain Files Bankruptcy

With C11 filing, Pinstripes closes 10 locales, seeks buyer

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Pinstripes has closed 10 of its 18 locales and filed for Chapter bankruptcy. Photo: Joe Hendrickson/iStock by Getty Images

Bowling/bocci/bistro chain Pinstripes (Northbrook, Ill.) has filed for Chapter 11 bankruptcy protection amid mounting debt and an inflation-driven downturn in the so-called eater-tainment business, report a variety of news sources, including the Chicago Tribune.

The retailer abruptly closed 10 of its 18 locations earlier this week and will look to sell its remaining assets at a bankruptcy auction next month, the newspaper reported.

“We have a committed buyer for our continuing locations, and we will continue to market our assets as a going concern to maximize value,” the company said in a release. “This decision was made to strengthen our financial foundation by reducing liabilities — including closing certain locations — to ensure business continuity and to position the company for long-term success and growth.”

The company, which went public in early 2024, said in court filings it owes $143 million in secured debt, the Tribune reports.

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