Are 801 Chophouse restaurants closing? What to know as steakhouse owner files for Chapter 11 bankruptcy

It’s been a rough several years for restaurant chains. Many have been facing headwinds on two fronts: consumers who are pulling back on discretionary spending as inflationary pressures bite, and rising operating costs. These pressures have resulted in numerous chains filing for bankruptcy in recent years.

Now, another chain’s owner has joined those ranks. 801 Restaurant Group, the parent company of the 801 Chophouse chain of steakhouses, has filed for bankruptcy. Here’s what you need to know.