Perkins Restaurant & Bakery

Perkins' August 2019 bankruptcy collapsed the family dining chain known for breakfast and baked goods. The company operated 342 restaurants across 32 states, competing with Denny's and IHOP for the family dining segment. Private equity ownership had loaded debt while the casual dining category faced fast-casual competition. Huddle House acquired Perkins' 65 company-owned locations; franchisees continue operations independently.