19 Hrs
Source:
Los Angeles Times
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Southern California cafe chain declares bankruptcy
Marmalade Cafe, a Southern California restaurant chain known for brunch, filed for Chapter 11 bankruptcy due to mounting financial losses, particularly affecting its Calabasas location from ongoing construction. The chain, with locations in El Segundo, Malibu, Sherman Oaks, and Westlake Village, cited over $1 million in liabilities and assets estimated between $1 million and $10 million. Despite closures, the company’s remaining locations are claimed to be financially healthy, with hopes they will remain operational.
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