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The parent company of buffet chains Souplantation and Sweet Tomatoes filed for Chapter 7 liquidation, a week after the CEO said he could not see a way for the salad bar concepts to reopen amid the COVID-19 pandemic.
In a filing dated May 14, San Diego-based Garden Fresh Restaurants LLC, owned by Washington, D.C.-based private equity firm Perpetual Capital Partners, listed creditors ranging from 10,001 to 25,000. Liabilities and assets both ranged from $50,000,001 to $100 million, according to bankruptcy documents filed in...