Charlie Brown's Steakhouse Closes

The company that owns Charlie Brown's Steakhouse went bankrupt, closing multiple locations on Long Island including one in Holtsville, Garden City Park and Commack.

The company that owns the Charlie Brown's steakhouse chain filed for bankruptcy last week, forcing , according to the New Jersey-based company.

The locations in Holtsville and Garden City Park are also being closed. More than 25 of the chain's restaurants in the tri-state area were closed last week and over 2,000 employees were displaced.

This information was confirmed by Rich Covey, a representative from CB Holding, which intends to use the reorganization process to provide for an orderly sale of its ongoing  business operations. The company filed a motion seeking approval of $2.5 million of debtor-in-possession financing from Ally Commercial Finance LLC to fund its continuing operations, according to a statement from the CB Holding.

"We are grateful for the longstanding, loyal support of our customers, who in many instances include several generations of the same family," said Craig Godfrey, Executive Vice President of Operations for CB Holding Corp in a statement. "Although we, like so many other businesses, have had to face significant challenges in the current economic environment, we are open for business at 39 locations and are firmly committed to continuing to provide great food, exceptional value and friendly service to each and every customer served." 

He also said the company is working with the affected employees to find jobs at other restaurants, within and outside the company.

"We thank our employees at the recently closed locations who have helped to deliver a great dining experience for all the customers they have served," he said in the same statement. "Our company plans to offer employment opportunities, when possible, at other locations for those employees directly impacted by these closings."

Representatives from the Commack location could not be reached as inquiries received a recorded message stating that the location had been closed. 

Lloyd November 16, 2011 at 11:29 PM
Somebody made a ton of money by screwing the creditors, closing the restaurants, and laying off over 2000 employees. What a shame.
Dan November 19, 2011 at 01:43 AM
Add 2000 more to the 99%.


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