Source: The Business Journals: Houston

Houlihan's: Here's what led Houlihan's Restaurants to bankruptcy court

In 2015, the parent company of Leawood, Kansas-based Houlihan's Restaurants Inc. laid out a strategic growth vision. But that vision started to unravel soon after. HRI Holding Corp. filed for Chapter 11 bankruptcy Nov. 14 with a stalking horse bid from Houston-based Landry's Inc., which is wholly owned by billionaire Tilman Fertitta. In bankruptcy court filings, HRI cited several issues that compounded its struggles: industry headwinds, senior management changes and a new investment philosophy. "(It)...

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Est. Annual Revenue
$500M-1.0B
Est. Employees
100-250
Bob Hartnett's photo - Chairman & CEO of Houlihan's

Chairman & CEO

Bob Hartnett

CEO Approval Rating

70/100

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