New DH calendar
Article updated: 12/16/2013 2:47 PM

Fox & Hound, Champps parent company files for bankruptcy

Kansas-based F&H Acquisition Corp., which owns the Fox & Hound and Champps sports bar and restaurant chains, has filed for bankruptcy.

Kansas-based F&H Acquisition Corp., which owns the Fox & Hound and Champps sports bar and restaurant chains, has filed for bankruptcy.

 

Daily Herald file photo

 1 of 1 
 
text size: AAA
By Bloomberg News

F&H Acquisition Corp., which owns the Fox & Hound and Champps sports bar and restaurant chains, filed for bankruptcy Monday, citing a slump in sales as a result of the U.S. economic downturn.

F&H, based in Wichita, Kan., operates about 101 sports bars and casual family-dining restaurants in 27 states, including Champps restaurants in Schaumburg, Lincolnshire and Lombard, and Fox & Hound pubs in Arlington Heights, Schaumburg, Carol Stream and Aurora. The company employs about 6,000 people, according to the Chapter 11 filing in Wilmington, Del.

Advertisement

The company listed debt of $119 million.

"The recession has been a primary factor in the decline in the debtors' sales, as consumers prioritized the savings of dining at home over eating out," James Zielke, chief financial officer of F&H, said in a court filing.

F&H plans to try and sell the company, Zielke said. The company had received eight initial indications of interest when it proposed a sale in February, he said.

Discussions with the parties, and nine possible new buyers contacted in October, failed to produce a stalking horse bidder, Zielke said. Stalking horse bids set a minimum price for a court-supervised auction.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity