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Sitrick And Company represents BurgerFi International as the Fort Lauderdale casual “better burger” restaurant chain declares Chapter 11.
The company has 144 restaurants, including Anthony’s Coal Fired Pizza & Wings outlets. It lost $6.5M on $43M first-quarter sales
Carl Bachmann, CEO of BurgerFi, attributed the difficult start of the year to a challenging consumer environment and "unfavorable weather in key markets.”
The company filed Chapter 11 because of “a drastic decline in post-pandemic consumer spending amidst sustained inflation and increasing food and labor costs,” said Jeremy Rosenthal, Chief Restructuring Officer.
BurgerFi expects all of its restaurants will remain open and continue normal operations during the restructuring proceedings.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
