Business & Tech
Fox & Hound, Champps Owner Files Bankruptcy
The parent company of the sports bar and restaurant chains Fox and Hound and Champps Americana has declared bankruptcy.
The parent company of Fox & Hound and Champps Americana has filed for bankruptcy, the Daily Herald reported.
The parent company of the sports bar and restaurant chains, F&H Acquisition Corp., filed for bankruptcy citing $119 million in debt and poor economic conditions caused by the recession, the newspaper reported.
The Chicago Tribune reported that the Chapter 11 filing would allow F&H to run a "streamlined sale process" for its assets. The newspaper reported that the company had $218.8 million in revenue through September, down about 5 percent from the previous year.
There are four Fox & Hound restaurants in the Chicago area: Arlington Heights, 910 W. Dundee Road; Fox & Hound Aurora, 4320 E. New York Ave.; Fox & Hound Bloomingdale, 370 Army Trail Road; and Fox and Hound Schaumburg, 1416 N. Roselle Road.
Champps are located in Lincolnshire, 275 Parkway Drive; Lombard, 2301 Fountain Square Drive; Orland Park, 16165 La Grange Road; and Schaumburg, 955 E. Golf Road.
F&H Acquisition Corp. operates 101 restaurants in 27 states, the Fort Worth Star-Telegram reported.
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