Shaken and stirred: inflation, wage hikes and tight wallets are sinking restaurants and bars
The consumer services sector has seen a significant uptick in Chapter 11 bankruptcies in recent months, driven largely by filings from restaurants and bar companies. A dozen Chapter 11 cases have been filed in the consumer services sector in 2024 year to date (YTD), with 11 of these occurring in the past six months. Note that half of these bankruptcies involve businesses tied to restaurants and bars.
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