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Vasari LLC, which operates about 70 Dairy Queen locations Texas, New Mexico, and Oklahoma, filed for Chapter 11 bankruptcy on Monday.
Vasari, LLC became the second-largest Dairy Queen operator in the country and operated 70 Dairy Queens across Texas, Oklahoma, and New Mexico. When stores were not profitable, the firm closed them. On October 30, 2017, Vasari LLC filed for bankruptcy and announced it was closing 29 DQ stores, including ten in the Texas Panhandle.
The chain was based in Baltimore and expanded to several other states before filing for bankruptcy and dissipating in 1991. ... transitioning to Dairy Queen restaurants by 1990. Commerce Alive To ...
When Dairy Queen bought it in 1987, ... By 1991, financial troubles forced the chain into bankruptcy, and it disappeared (along with several other fast-food chains). Bresler’s 33 Flavors.
A former Red Barn location in Mississauga, Ontario, now a Mr. Sub restaurant. This is a list of defunct fast-food chains.A restaurant chain is a set of related restaurants with the same name in many different locations that are either under shared corporate ownership (e.g., McDonald's in the U.S.) or franchising agreements.
Dairy Queen [24] Food and Beverage 99% 1997/10/21 $585 Million [25] Duracell: Household Products 100% 2016/02/29 [26] $1.8 billion [27] Ebby Halliday Companies Real Estate 100% 2018/06/03 [28] Fechheimer Brothers Company Clothing 100% 1986 FlightSafety International: Business Services 100% 1997 [29] Forest River: Automotive 100% 2005/08/31 ...
You might recognize some of the companies – GEICO, Dairy Queen, See’s Candies – as ... however, basically wiping out a $1.8 billion investment there as the company announced bankruptcy in ...
Tastee-Freez was founded in 1950 in Joliet, Illinois, by Leo S. Maranz and Harry Axene (formerly of Dairy Queen). [2] [3] Maranz invented a soft serve pump and freezer which enabled the product, and their Harlee Manufacturing Company (a portmanteau of Harry and Leo) produced the machines which franchisees would buy and use in their respective locations. [3]