Church's Restructures 20 Louisiana Restaurants

Summary


The financial ripple effects of Hurricane Katrina have led the New Orleans franchisee of Church's Chicken to restructure ownership of the restaurants as part of a Chapter 11 bankruptcy settlement.

Church's has agreed to purchase 20 Louisiana restaurants from Wetco Restaurant Group for an undisclosed price. The affected restaurants are in the New Orleans, Baton Rouge, Lafayette and Alexandria markets.

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Extract


Church's Restructures 20 Louisiana Restaurants

GE Financial is providing capital for the de...

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