Marie Callender's restaurants close without warning
DALY CITY, Calif. (KGO) -- Several Marie Callender's restaurants in the Bay Area shut down suddenly Monday. The company has filed for bankruptcy.
Carlos Cortez and Alphonso Torres have worked for years at the Marie Callender's in Daly City, making the pies and home-style meals the restaurant chain is known for. As of today, they are no longer employed.
"This store is closing right now, bye, that's it," said Torres. "I don't know what happened."
What happened is that Marie Callender's and corporate partner Perkins Restaurant filed for Chapter 11 bankruptcy Monday. The company cited limited assets of $290 million and debts totaling $441 million. Bloomberg news reports the CEO warned of the corporation's struggles back in November, blaming sluggish consumer spending and increased commodity costs. Products like sugar, eggs, and coffee have been rising.
At least 13 Marie Callender's locations in California have closed including in Santa Rosa, Concord, Walnut Creek, Hayward and Daly City.
In all, 65 restaurants have closed nationwide, leaving 2,500 people out of work.
"Eleven years of working here and right now it's closing," said Torres.
A spokesperson for Marie Callender's provided this statement to ABC7: "Closing a restaurant is always an extremely difficult decision to make. We are very grateful to the employees and local communities for their support and patronage over the years."
daly city, jobs, bankruptcy, business, carolyn tyler
- I-5 bridge collapses into Washington's Skagit River
- 5.7 earthquake hits Northern California 24 min ago
- Czech police say Palo Alto man suspected in 4 murders 36 min ago
- New details released in police officers' murders
- Magnitude 8.2 earthquake hits Russia's Far East 26 min ago
- Bicyclist killed in accident with garbage truck in SF
- Gov. Brown keeps pressing climate change crusade
- Video: America's Cup teams practice on San...
- TIME publishes Obama prom photo, yearbook message
- Caltrans shows fix for broken Bay Bridge bolts
- Oakland's real estate market heats up
- abcnews: New bill would allow pets on Amtrak
- roundup: BART bike vote; Gov. climate change
- weather: Bay Area weather forecast for Friday
Most Viewed StoriesMost Viewed VideoMost Viewed Photos