A Massive Food Chain Now Makes An Abrupt Closure

A massive food chain now makes an abrupt closure of three major locations, leaving workers in shock after the sudden announcement.

Employees from three shuttered locations of the Detroit Wing Company have spoken out about the shocking news hours before work.

The franchisee operator made the tough decision to permanently close three locations in Detroit, Michigan, over the weekend, reports The-Sun.

The wing outlets were located in Davison, Grand Blanc, and Oxford, and staff were informed on April 14 on the evening before their next shift.

“I was just like, ‘That’s a bit of a shock,” Alex Hinton, the former kitchen manager at the Grand Blan location told local CBS affiliate WNEM.

“I can actually remember it word for word because it was very, very clear in my head.

He said, ‘I got a call and we got some news and we had to make a business decision, and we’ll be closing effective immediately,'” Hinton recalled.

He worked at the Detroit Wing Company for two years and proudly managed the kitchen through three Super Bowls.

“I remember the first Super Bowl we were open, we actually ended up having 4,000 wings on our screen at one time,” he said.

Hinton shared a post on Facebook with the local community in which he confirmed the closure and gave an insight into the pain felt by the owners and their decision to shutter.

“It comes down to business and money running out,” he said.

“I listened through the tears of the owners as they tried to explain how and what went on.”

Hinton claimed that senior management was unaware of the decision until around 6 pm on the day that staff were informed of the closures.

“The business was slowing and ownership did make the choice to stay open roughly 3-6 months longer than perhaps advisable in order to see it through and keep employees paid as long as possible,” Hinton added.

Meanwhile, a manager at one of the other closing locations reminisced over her “three beautiful years” at the wing company which was her second-ever job.

“It’s been one hell of a night and a longer day trying to process the change,” Ashlee Renee Hull said in a Facebook post.

“I was made aware I was losing my job after close Sunday Evening. Let me tell you this was a hard decision from every end!!

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

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Market News Today - A Massive Food Chain Now Makes An Abrupt Closure.
Market News Today – A Massive Food Chain Now Makes An Abrupt Closure.

A massive mall retailer now files for Chapter 11 bankruptcy after months of speculation it would come to the inevitable decision.

A consortium led by Toys ‘R’ Us owner WHP Global that includes mall operators Simon Property Group and Brookfield Properties has offered to buy a “substantial majority” of Express, Inc.’s retail stores and operations.

In order to facilitate the sale and free up the liquidity needed to continue operations during the process, Express has filed for Chapter 11 bankruptcy protection, reports Retail Touch Points.

The fashion retailer, which includes the Express, Bonobos and UpWest brands, has been under pressure for some time now.

In September 2023 the company brought in former Tyson Foods exec Stewart Glendinning as CEO to turn around the business, and the company initiated a restructuring effort in February 2024.

Despite that, Express was delisted from the New York Stock Exchange on March 6, 2024, due to underperformance.

As part of the bankruptcy, all UpWest stores as well as 95 Express stores will be closed beginning April 23, 2024, with additional closures possible as the company assesses its footprint.

The remaining Express and Bonobos stores will continue normal operations through the sale, as will the websites of all three brands.

Bonobos’ wholesale operations will also continue uninterrupted.

In order to support continued operations, the company has received a commitment for $35 million in new financing from some of its existing lenders and will also use the $49 million in cash it received on April 15, 2024, from the Internal Revenue Service related to the CARES Act.

Express had hoped that its existing partnership with WHP Global, which began in December 2022, would help with a turnaround.

“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations,” said Express CEO Glendinning in a statement.

“We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives.

WHP has been a strong partner to the company since 2023, and the proposed transaction will provide us additional financial resources, better position the business for profitable growth and maximize value for our stakeholders.”

In tandem with the bankruptcy filing and sale transaction, Express has named interim CFO Mark Still to the position on a permanent basis.

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Market News Today - A Massive Food Chain Now Makes An Abrupt Closure.
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