US EditionUpscale steakhouse chain files for bankruptcy
The filing lists about $18.7 million in liabilities as the company seeks to restructure debt while daily operations continue.
- On April 10, the Overland Park, Kansas-based Restaurant Group filed for Chapter 11 bankruptcy in the Bankruptcy Court for the District of Kansas, listing liabilities of roughly $18.7 million.
- Financial issues stem primarily from the closure of Fish in Denver and Nicollet in Minneapolis, which shuttered just five months after opening.
- The American cattle herd has fallen to a 75-year low, causing steak prices to spike 16% to $12.73 per pound as of March 2026, according to federal data.
- Except for the two closed restaurants, the company stated that "Chapter 11 is not expected to have any impact on the remaining locations," allowing eight 801 Chophouse venues to operate normally.
- This filing joins a string of recent bankruptcies involving major chains like Red Lobster and Hooters, while McCormick and Schmick and Outback Steakhouse also closed multiple locations in 2025.
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20 Articles
801 Chophouse owners file bankruptcy. Do steakhouse closures loom?
801 Chophouse owners file bankruptcy. Do steakhouse closures loom? The parent company of the popular steakhouse chain 801 Chophouse has filed for bankruptcy, but it isn't closing its locations' doors completely, yet. 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10, citing a need…
A popular steakhouse chain just filed for bankruptcy
The operator of 801 Chophouse has filed for Chapter 11 bankruptcy protection as the upscale steakhouse chain joins other dining establishments grappling with financial pressures in the industry, the Street reports.
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Upscale steakhouse chain files for bankruptcy
Upscale steakhouse chain 801 Chophouse has filed for bankruptcy. (Adobe Stock)
What caused steak prices to spike in March 2026?
Beef and price pressure High end steakhouse chain Boasting filed for Chapter 11 bankruptcy, underscoring stress across the beef and restaurant supply chain. At the same time, consumers saw a sharp jump in beef prices in March 2026, with the price of steaks rising about 16% to $12.73 per pound and…
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