Piccadilly Restaurants

Piccadilly's 2019 Chapter 11 filing came after years of decline for the Southern cafeteria chain. The company had been through bankruptcy before (2003, 2012); this third filing led to sale to Piccadilly Investments LLC. Cafeteria dining - once a Southern tradition - had been declining for decades as fast-casual competitors offered similar value with greater convenience. Piccadilly survives with reduced locations but faces the same structural challenges as all cafeteria operators.