Guzman y Gomez Closes All US Restaurants After Expansion Fails
Guzman y Gomez (GYG), an Australian-based Mexican restaurant chain that aimed to rival Chipotle in the United States, has abruptly closed al...
801 Restaurant Group filed for Chapter 11 bankruptcy on April 10, 2026, citing a need to restructure debt.
The filing was triggered by financial issues stemming from the closure of 801 Fish in Denver and 801 On Nicollet in Minneapolis.
The company has liabilities totaling roughly $18.7 million.
The remaining 801 Chophouse and 801 Fish locations are expected to operate normally during the restructuring process.
The American beef industry is facing a supply crisis, with the U.S. cattle herd at a 75-year low, leading to increased beef costs.
801 Restaurant Group, a Kansas-based company with a history dating back to 1993, operates upscale steakhouses and seafood restaurants across the Midwest and Mid-Atlantic. The recent bankruptcy filing reflects broader challenges in the restaurant industry, including rising food and labor costs, as well as changing consumer dining habits.
The Chapter 11 filing allows the company to reorganize its finances and operations while continuing to serve customers. The company intends to negotiate with lenders and creditors to develop a long-term financial plan. Despite the bankruptcy of the parent company, the individual restaurant companies operating successfully are not directly impacted.
Locations:
The restaurants that remain open include 801 Chophouses in Denver, Des Moines, Omaha, Kansas City, Leawood, St. Louis, Minneapolis and Tysons Corner in the Washington, D.C., area, and 801 Fish in St. Louis.
Why does this matter?
This bankruptcy filing highlights the pressures faced by upscale dining establishments in the current economic climate. Consumers are becoming more price-conscious, and restaurants are grappling with increasing costs, making it challenging to maintain profitability.
Q: Are 801 Chophouse locations closing?
As of April 17, 2026, none of the 801 Chophouse locations have closed. The company expects the restaurants to operate normally during the restructuring.
Q: What led to the bankruptcy filing?
The bankruptcy filing was primarily triggered by financial issues related to the closure of 801 Fish in Denver and 801 On Nicollet in Minneapolis, as well as guarantees the parent company made to other companies it owns.
801 Chophouse is undergoing financial restructuring but remains open for business.
The restaurant industry is facing challenges due to rising costs and changing consumer preferences.
Upscale dining may become less accessible as restaurants grapple with profitability.
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