One of Los Angeles's most storied restaurant franchises, Sizzler, has declared bankruptcy as a result of the ongoing coronavirus pandemic. The company said in a public statement today that the legal filing is “a direct result of the financial impact the COVID-19 pandemic has had on the casual dining sector.”
Why did Sizzler shut down?
Iconic food chain Sizzler will not see out the end of 2020 in Australia after its parent company Collins Foods announced it would be closing the remaining nine restaurants left in the country. ... In business terms, this meant Sizzler's cheesy bread was left to grow stale as only stores making profit were left open.
Why is Sizzlers closing in Australia?
On Sunday, after 35 years in Australia, Sizzler will close its remaining nine restaurants. The restaurant chain's parent company Collins Food said it made the “difficult decision” after they struggled to recover from slow sales during the peak impacts of the COVID-19 pandemic.