801 chophouse chapter 11
Definition
A recent business event referring to the 801 Restaurant Group's filing for Chapter 11 bankruptcy protection on April 10, 2026, allowing the upscale steakhouse chain 801 Chophouse to restructure $18.7 million in debt while keeping its doors open in locations like Des Moines, Kansas City, and Minneapolis.
Slangy shorthand in foodie and finance circles for a high-end eatery's financial pivot, evoking images of ribeyes on the rocks amid economic sizzling.
Examples
After years of sizzling steaks and soaring bills, 801 Chophouse served up a Chapter 11 surprise to creditors.
Wall Street whispered that 801 Chophouse's Chapter 11 was just a well-marbled strategy to trim the fat from their balance sheet.
Diners at 801 Chophouse joked their next filet might come with a side of Chapter 11 paperwork.
In the world of steakhouses, 801 Chophouse's Chapter 11 filing proved even prime cuts can end up in reorganization.