The fast-casual chain sought Chapter 11 protection after struggling to regain its footing during the pandemic.
by Philadelphia restaurant company Pandya Restaurant Growth Brands, which also owns Boston Market. At the time, there were 175 locations in the Corner Bakery portfolio. The company’s website shows there are currently 140 locations throughout 20 states.Frank Paci, Corner Bakery’s CEO at the time it was sold, said the acquisition gave the company “access to resources that we need to continue to operate our business in this challenging environment.
Before it was sold to Pandya Restaurant Growth Brands, Corner Bakery was owned by private equity firm Roark Capital Partners. Prior to that, the chain was part of Dallas-based
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