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Asolica > Blog > Finance > Restaurant chain closes 50% of places in Chapter 11 chapter
Finance

Restaurant chain closes 50% of places in Chapter 11 chapter

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Last updated: September 15, 2025 2:45 am
Admin
6 months ago
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Restaurant chain closes 50% of places in Chapter 11 chapter
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Restaurant chains that serve wholesome meals are inclined to battle. 

Contents
  • Planta tried to herald non-vegans 
    • Planta by way of the years
  • Planta has survived Chapter 11 chapter
  • Vegan/plant-based restaurant closures in 2025
    • Remaining Planta places

Individuals could say they need to eat more healthy, and on some stage they do, however when given the selection to really observe by way of, they normally do not.

That is why the plant-based McPlant hamburger failed at McDonald’s. It is a good suggestion in concept, however when it comes time for individuals to really place an order, they have an inclination to go for a Massive Mac or Hen McNuggets.

The identical logic applies to eating places. Just one% of Individuals establish as vegans, in response to Gallup, whereas the identical ballot confirmed that 3% take into account themselves vegetarian. Meaning a vegan restaurant, until it is in a really giant metropolis, must enchantment to non-vegan clients.

Planta, a series that filed for Chapter 11 chapter safety in Could, tried to do precisely that. 

Planta tried to herald non-vegans 

Planta shared its mission on its web site.

“Led by Co-founder and Executive Chef David Lee, Planta was born in 2016 to expand the accessibility and acceptability of plant based dining; dining as it should be — an unguilty pleasure. Creating a premier hospitality collective of 100% plant-based restaurants, Planta reimagines, reinvents, and revitalizes, providing flavorful proof that the power of plants can change the world.”

The chain — which had 18 places on the time of its chapter submitting however will shrink to eight places after a choose signed off on its chapter plan — is basically dedicated to crops.

“For our health, for the health of our communities, and for the health of our planet — plants are the key. In everything we do, we seek to understand, experiment with, and maximize the power of plants to nourish, inspire, and sustain. We strive to operate in a paperless and reduced-waste environment, eliminating paper cheques, printed materials, and one-time-use water bottles and coffee cups.”

That is a pleasant thought, nevertheless it’s not one which has resonated with clients. On the time of its submitting, the chain reported between $10 and $50 million in liabilities and virtually no property.  

Planta by way of the years

  • 2016: First Planta opens in Toronto (Yorkville).
  • 2017: Planta Burger opens in Toronto’s Monetary District.
  • 2018: U.S. debut with Planta Miami Seashore (South of Fifth).
  • 2021: Planta Cocina opens in Toronto (closed 2023).
  • 2022: Planta opens in Bethesda, MD.
  • 2022: Planta Queen (Asian-inspired idea) launches.
  • 2023: Planta expands to Los Angeles (Marina del Rey and Brentwood).
  • 2023: Atlanta openings embrace Planta at Krog Road Market and Planta Queen in Buckhead.
  • 2025 (Could): Father or mother firm information Chapter 11 chapter in Delaware.
  • 2025 (Could-June): Closures start.


Vegan sushi is on the Planta menu.

Picture supply: Planta

Planta has survived Chapter 11 chapter

“Cassel Salpeter & Co., an independent investment banking firm that provides advisory services to middle market and emerging growth companies, facilitated the sale of assets of CHG US Holdings LLC, parent company of restaurant chain Planta, to New CHG US Holdings, which is a newly formed entity affiliated with Anchorage Capital Group, one of its former creditors,” Nation’s Restaurant Information reported.

The brand new proprietor acquired the chain for about $7.8 million, principally in transformed debt, in response to courtroom filings. 

Associated: McDonald’s CEO shares dire warning in regards to the US economic system

Planta is combating an uphill battle, as plant-based meats have struggled within the U.S.

“Despite hopes that burgers, sausages and chicken made from soy, peas and beans would curb Americans’ love of eating butchered animals – thereby reducing the rampant deforestation, water pollution and planet-heating emissions involved in raising livestock – these alternatives languish at just 1% of the total meat market in the US,” The Guardian reported.

Vegan/plant-based restaurant closures in 2025

  • Plum Bistro (Seattle, WA): Flagship vegan spot, plus Plum Chopped, closed in Jan. 2025.
  • Paradox Cafe (Portland, OR): Longtime vegan-friendly diner, closed in 2025.
  • Truthful Climate (Portland, OR): Vegan/pescatarian brunch spot, reopened briefly however then closed completely in July 2025.
  • Sage Regenerative Kitchen & Brewery (Pasadena & Echo Park, CA): Previously Sage Vegan Bistro; closed in Jan 2025 after reintroducing animal merchandise.
  • Veggie Grill: Closed 12 places (about 40% of items) in 2025 as a part of restructuring.
  • Planta: Filed Chapter 11 in Could 2025; closures started with West Palm Seashore (CityPlace), Miami Seashore, Brentwood (CA), and Atlanta Buckhead Queen.
  • Neat Burger: Backed by Lewis Hamilton & Leonardo DiCaprio: Closed all UK places in April 2025, entered liquidation in July 2025.

Remaining Planta places

  • Maryland: Planta Bethesda and Planta Queen in Dupont Circle
  • New York: Planta Queen in Nomad and Planta Williamsburg
  • Chicago: Planta Chicago
  • Toronto: Planta Queen, Leisure District and Planta Yorkville
  • Los Angeles: Planta Cocina, Marina Del Rey and Planta Brentwood

Supply: Planta

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