Since some of the various threads about specific places often turn into discussions of other places, I figured we could use a general thread to talk about what's new and interesting in the food and drink scene here.
I'll start with some big news affecting Benjamin Berg, of B+B Butchers, Trattoria Sofia, Annabelle Brasserie, and a collection of other restaurants. Berg apparently defaulted on a $3 million loan and the bank is suing him.
https://www.chron.com/food/article/texas-restaurant-lawsuit-berg-loan-20400810.php
I'll start with some big news affecting Benjamin Berg, of B+B Butchers, Trattoria Sofia, Annabelle Brasserie, and a collection of other restaurants. Berg apparently defaulted on a $3 million loan and the bank is suing him.
https://www.chron.com/food/article/texas-restaurant-lawsuit-berg-loan-20400810.php
I would guess at the very least he ends up filing for bankruptcy protection, but the big question is if this means he just restructures his existing debts or if we'll start seeing closures at his restaurants to sell off the assets.Quote:
First Horizon Bank filed a lawsuit on June 17 in Harris County District Court against Berg Hospitality Group's Benjamin Berg, his various business entities, and co-guarantor Neal Goldman for allegedly failing to repay a $3 million revolving loan by its maturity date. As of the date the bank filed the lawsuit, the parties reportedly owed the bank $3.196 million due to accrued interest.