Sweet Tomatoes
Owned by Souplantation, Sweet Tomatoes is a popular restaurant chain that serves salad, soup, healthy food, and bakery items. It was founded in San Diego in 1978. The company went public in 1995 and went private again not ten years later. Currently, Sweet Tomatoes only has a handful of locations left in the US, and it has just announced that it is planning to close almost 100 locations. In an attempt to handle its debt ratio, Souplantation announced it was working with lenders.
Sweet Tomatoes
Old Country Buffet
There has been issues between Old Country Buffet and its parent company, Ovation Brands, which has filed for bankruptcy multiple times, in 2012 and 2016. Ovation claimed that its debts were $26.3 million more than its assets. As a result, dozens of Old Country stores has had to shut down, and there are only 19 locations left. There were once 350 Old Country Buffet restaurants in the US, but there may be zero left standing by the end of 2020.
Old Country Buffet
