Posted on Jan 26, 2021
Cici's files for bankruptcy as pandemic accelerates the decline of the all-you-can-eat buffet
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"Buffet chain Cici’s has filed for Chapter 11 bankruptcy protection and announced its sale to D&G Investors, its primary lender.
While the coronavirus pandemic has lifted sales for pizza chains like Papa John’s, Domino’s Pizza and Yum Brands’ Pizza Hut, buffet-style restaurants like Cici’s saw their sales plunge. All-you-can-eat establishments were already struggling before the crisis, but dining restrictions and consumers’ heightened concern over cleanliness accelerated their decline."
While the coronavirus pandemic has lifted sales for pizza chains like Papa John’s, Domino’s Pizza and Yum Brands’ Pizza Hut, buffet-style restaurants like Cici’s saw their sales plunge. All-you-can-eat establishments were already struggling before the crisis, but dining restrictions and consumers’ heightened concern over cleanliness accelerated their decline."
Cici's files for bankruptcy as pandemic accelerates the decline of the all-you-can-eat buffet
Posted from cnbc.com
Restaurants
Coronavirus COVID19
Bankruptcy
Business
Posted 3 y ago
Responses: 3
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That is a shame. I liked Cici's. I believe the adversity of shut down businesses that want to reopen will need a line of credit to open up.
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Place isn't that bad. Multiple varieties of pizza none of which are perfect. I had to see another chain bite the dust due to things like this.
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