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Published on 9/19/2019 in the Prospect News Distressed Debt Daily.

Perkins & Marie Callender’s receives court approval to sell assets

By Caroline Salls

Pittsburgh, Sept. 19 – Perkins & Marie Callender’s, LLC obtained court approval to sell three groups of assets, according to orders filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, Huddle House, Inc. was the high bidder for the company’s Perkins assets, with a $51.5 million bid.

Fairfield Gourmet Food Corp. was the winning bidder for the Ohio business assets, with an $18.7 million bid.

Marie Callenders, Inc. was the winning bidder for the MC business assets, with a $1.75 million bid.

Perkins & Marie Callender’s is a Memphis-based operator and franchiser of full-service restaurants. The company filed bankruptcy on Aug. 5 under Chapter 11 case number 19-11743.


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