Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Southern burger chain Krystal files for bankruptcy
www.washingtontimes.com ^ | 01/23/2020 | staff

Posted on 01/23/2020 12:11:07 PM PST by Red Badger

BIRMINGHAM, Ala. Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain open.

Federal court documents showed Krystal sought Chapter 11 bankruptcy protection in Atlanta on Sunday. The company said it owed between $50 million and $100 million to food suppliers, equipment companies and others.

Krystal has about 300 restaurants in 10 states, 182 of which employ 4,890 people and are operated by the company, restructuring officer Jonathan M. Tibus said in a court filing. Another 116 are run by franchisees, he said.

The company previously closed more than 40 restaurants, including 13 that shut down in December, over the past year, according to court documents. Shifting consumer tastes, growing costs, tight labor markets and the growth of online food ordering all contributed to the company’s financial problems, Tibus said.

“The actions we are taking are intended to enable Krystal to establish a stronger business for the future and to achieve a restructuring in a fast and efficient manner,” the company said in a statement Tuesday.

(Excerpt) Read more at washingtontimes.com ...


TOPICS:
KEYWORDS: alabama; food; krystal; localnews
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-123 next last
To: Red Badger

“Oh, the pain... the pain...” — Zachary Smith


21 posted on 01/23/2020 12:21:14 PM PST by Ingtar (Bedbugs, thy name is Democrat.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Can’t say I’m surprised. Service at almost any of them sucks. They are always short handed and that means they are always slow.


22 posted on 01/23/2020 12:21:20 PM PST by BudgieRamone (Everybody loves a bonk on the head.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Singer Crystal Gayle was named after them. She is the sister of Loretta Lynn.


23 posted on 01/23/2020 12:21:43 PM PST by xp38
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger
I remember the Krystal just up Hwy 41 from the KFC (Big Chicken) in Marietta GA when they used to advertise their little square Krystal burgers for 15 cents each. Even as a child you could eat one in three bites, but... 15 cents!

The KFC:

And who remembers this?

Burger Chef and Jeff, oh yeah!

24 posted on 01/23/2020 12:21:53 PM PST by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

White Castle were 12 cents when I was growing up, Or 10 for $1.


25 posted on 01/23/2020 12:23:12 PM PST by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: oldplayer

“Just curious, but has the management or corporate ownership changed in the past few years? Often, a venture capitalist type takeover (and corporate raiding) precede the demise of an old established company like Kyrstal.”

Yes. Looks that way. References from the Wikipedia entry linked earlier.

References[edit]
^ Krystal hamburger chain sold to private investment firm
^ “Corporate Info”. Retrieved August 19, 2010.
^ “THE KRYSTAL COMPANY WELCOMES NAMES PAUL MACALUSO AS NEW CEO”. PR NEWSWIRE. Retrieved April 2, 2018.
^ “Krystal sold to Atlanta-based investors”. timesfreepress.com. Retrieved April 22, 2015.


26 posted on 01/23/2020 12:25:23 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red Badger

The first one I remember going to was with my Grandmother in Birmingham, on 1st Avenue North I think, in the mid 1960s. I loved them. In my college years, they were my equivalent for today’s Ramen noodles.

I still love them, but am a heart patient and now avoid them. Broke down and ate some for lunch a couple of months back and they gave me a bad case of indigestion. Not much fat or grease in my diet anymore, so a big dose of that, as with 3 or 4 Krystals, is tough on my stomach.


27 posted on 01/23/2020 12:25:57 PM PST by RatRipper
[ Post Reply | Private Reply | To 1 | View Replies]

To: nuconvert

I remember Krystals at 5 cents apiece!...................


28 posted on 01/23/2020 12:28:48 PM PST by Red Badger (Against stupidity the gods themselves contend in vain.......... ..)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Magnum44

Burger Chef! We had one of those!..................


29 posted on 01/23/2020 12:29:39 PM PST by Red Badger (Against stupidity the gods themselves contend in vain.......... ..)
[ Post Reply | Private Reply | To 24 | View Replies]

To: RatRipper

...but am a heart patient and now avoid them

yeah, I resemble that remark


30 posted on 01/23/2020 12:31:08 PM PST by HangnJudge (Kipling was right about Humanity)
[ Post Reply | Private Reply | To 27 | View Replies]

To: nuconvert; Magnum44; TomServo; Gamecock; SaveFerris; PROCON; Big Red Badger
"I remember when they were a nickel!"


31 posted on 01/23/2020 12:32:39 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 25 | View Replies]

To: Red Badger

31


32 posted on 01/23/2020 12:33:14 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 31 | View Replies]

To: kosciusko51

Yup. Been down here 13 years, ate there once. It’s ... small burgers on tiny buns. Wa - hoo.

More surprised they’ve lasted this long.


33 posted on 01/23/2020 12:34:53 PM PST by ctdonath2 (Democrats oppose democracy.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Red Badger

“Burger Chef! We had one of those!..................”

In elementary school, we would say we were going home for lunch and go to the Burger Chef around the corner! I still remember the stupid jingle: “Where for a nickel and a dime you get...”

Went to the Krystal off Atlantic Hwy in Jacksonville when I was stationed at Mayport. Nice cheap way to fill your belly, and as an enlisted, cheap mattered.


34 posted on 01/23/2020 12:35:08 PM PST by brownsfan (Behold, the power of government cheese.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: newfreep

Looks like a copy of White Castle...


Also looks like a terrible meat-to-bread ratio.

Same reason I never order sliders.


35 posted on 01/23/2020 12:37:00 PM PST by ConservativeWarrior (Fall down 7 times, stand up 8. - Japanese proverb)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Red Badger
Maybe they had a sniffing accountant. Anyway, their hamburgers are small. A Chapter 5 or 6 might be more suitable than a full-blown Chapter 11.


36 posted on 01/23/2020 12:37:53 PM PST by Larry Lucido
[ Post Reply | Private Reply | To 1 | View Replies]

To: Larry Lucido
LOL


37 posted on 01/23/2020 12:41:21 PM PST by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Red Badger

I have never done the math but the cost per calorie seemed high and disproportionately bread.


38 posted on 01/23/2020 12:42:38 PM PST by alternatives? (Why have an army if there are no borders?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: newfreep

“Krystal was founded in 1932 and is the second-oldest burger chain in the United States. The first Krystal was opened in Chattanooga, Tenn., and is widespread in the Southeast. White Castle is a Northern chain, based in Columbus, Ohio, and proclaims itself the first fast-food hamburger chain in America, founded in 1921.”


39 posted on 01/23/2020 12:44:50 PM PST by DannyTN
[ Post Reply | Private Reply | To 4 | View Replies]

To: nuconvert

Aldi sells frozen White Castle cheeseburgers. Grew up 90 miles outside of Chicago. Never had a White Castle. Never had Krystals, either. Oklahoma hasn’t any.


40 posted on 01/23/2020 12:44:56 PM PST by Flaming Conservative ((Pray without ceasing))
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-123 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson