In this week’s restaurant bankruptcy roundup, we have bad news for fans of Le Pain Quotidien. The company’s U.S. division has filed Chapter 11 and is selling its assets to a New York restaurant operator. LPQ was losing money even before the pandemic; hence the shockingly low sales price of $3 million for all 98 of its U.S. locations. No word yet on whether LPQ will reopen at Wildwood or Cabin John Village.
