Bakers Square: Restaurant Competition Forces Bakers Square, Village Inn Into Bankruptcy

The Village Inn and Bakers Square restaurant chains, after years of losses, filed for bankruptcy on Monday (Jan. 27), The Wall Street Journal reported. The Nashville, Tennessee-based company faced multiple obstacles, including new fast-casual competitors and larger rivals. They had recently laid off around 1,100 employees and closed down 33 underachieving locations. Increased labor costs [...]