Cornett Hospitality, which owns a dozen Hooters and Topeka’s Steakhouse locations in the Richmond area, lists 287 creditors in its Chapter 11 filing.
Hooters owner files for bankruptcy
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Cloudy days for West End hotel
A hotel next to two of the biggest corporate campuses in Richmond is facing foreclosure for the second time.
The R&D Dept.: Local patents for 11.21.12
Another patent for a Shockoe Slip company. MeadWestvaco has invented a new type of drink container. Plus patents from Hamilton Beach, Phillip Morris and more. See all the local innovations with BizSense Pro.
Airport faces 800-foot hurdle
The Chesterfield County Airport is in the planning stages of $14 million, multiphase expansion that depends in part on being able to lengthen one runway.
Markel | Eagle Partners closes 2nd fund
The local private equity fund raised more than $53 million in less than a year.
SportsQuest ordered to pay members
The Virginia Attorney General’s Office says it has reached a settlement with SportsQuest LLC for its alleged violations of a state law, but that doesn’t mean former customers will see their money any time soon.
Allen Ferguson pleads guilty to fraud
Allen Mead Ferguson gave his plea in federal court Wednesday on charges of mail fraud and money laundering. He faces up 40 years in federal prison.
Trading Day: Inside local SEC filings for 11.15.12
A local firm responds to calls to put the company up for sale. A Richmond insurer continues to sell off large chunks of its holdings in the area’s largest bank. And big dollar stock options cashed out by local insiders.
Pinned down by debt and the downturn
AMF Bowling Worldwide’s most recent bankruptcy filing comes as the company faces hundreds of millions of dollars in debt and an economy in which most people’s discretionary budgets – for such leisurely activities as bowling – aren’t what they once were.
AMF Bowling files for bankruptcy
Mechanicsville-based AMF Bowling Worldwide, one of the world’s largest bowling alley operators, filed Tuesday for Chapter 11 bankruptcy protection in an attempt to restructure its “burdensome debt load.”