{"id":62973,"date":"2020-02-03T17:03:41","date_gmt":"2020-02-03T22:03:41","guid":{"rendered":"https:\/\/urbanmatter.com\/chicago\/?p=62973"},"modified":"2021-10-07T08:48:30","modified_gmt":"2021-10-07T13:48:30","slug":"bar-louie-closes-38-locations-across-the-u-s-including-river-north-bar","status":"publish","type":"post","link":"https:\/\/urbanmatter.com\/chicago\/bar-louie-closes-38-locations-across-the-u-s-including-river-north-bar\/","title":{"rendered":"Bar Louie Closes 38 Locations Across the U.S., Including River North Bar"},"content":{"rendered":"

Thirty years of serving up a variety of approachable cocktails, filling finger-food, and impressive desserts are coming to a bitter pause for Chicago-founded (now Texas-based) restaurant and bar chain, Bar Louie<\/span><\/a>.\u00a0<\/span><\/p>\n

Bar Louie wrapped up the first month of 2020 by filing a Chapter 11 bankruptcy<\/span><\/a>. To make matters more concerning, Bar Louie immediately closed 38 locations across the U.S.<\/span>, including River North\u2019s location. This accounts for nearly one-third of its locations<\/span>.<\/span><\/p>\n

\"bar
Photo Credit: Bar Louie<\/figcaption><\/figure>\n

Maybe this isn\u2019t too much of a surprise for some, considering the various health-department concerns and violations<\/span><\/a> (dating from 2008) in conjunction with Bar Louie\u2019s nearly $100 million debt. Either way, CEO Tom Fricke<\/span> remains steadfast in his pursuit to save this trusty chain.<\/span><\/p>\n

Fricke claims that by closing the under-performing restaurant locations across America, the company can strategize operationally and profitably speaking. Perhaps, given past locations, one can glean that Bar Louie will shift its energy based on consumer-trends, i.e. moving operations away shopping-malls. By placing energy in what is working for Bar Louie, Fricke claims, that within 90 days, the company will materialize and \u201cemerge from bankruptcy.\u201d<\/span><\/p>\n

\"bar
Photo Credit: Bar Louie<\/figcaption><\/figure>\n

Probable? Perhaps. Convincing? Maybe not. However, skeptics and Bar Louie-devotees alike will have to consider the scope of the situation. For example, similarly modeled restaurants, like The Cheesecake Factory<\/span>, are also struggling to grow profits. And, t<\/span>hough P.F. Chang\u2019s might have closed <\/span>its last city location, that chain is remarketing its classic dine-in establishments into To-Go restaurants across the city.\u00a0<\/span><\/p>\n

Now, contextually speaking, Fricke\u2019s claims don\u2019t appear to be too far-fetched, especially when considering the reality of consumer data<\/a> and the promise of the pivot: moving away from malls and pivoting towards successful and more attractive avenues for consumers.<\/span><\/p>\n

As for the next 90 days? Bar Louie will proceed business-as-usual, paying vendors and employees alike throughout this unfortunate bankruptcy. To note, franchise-owned and operated restaurants are not affected by corporate\u2019s filing of Chapter 11. If you still are craving their fried-calamari, be sure to swing by their other locations in other neighborhoods of Chicago, including Hyde Park, Ukrainian Village, and Printers Row.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

At UrbanMatter, U Matter. And we think this matters.<\/p>\n

Tell us what you think matters in your neighborhood and what we should write about next in the comments below!<\/span><\/p>\n

Featured Image Credit: Andres Deleon Photography<\/em><\/p>\n

 <\/p>\n

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Thirty years of serving up a variety of approachable cocktails, filling finger-food, and impressive desserts are coming to a bitter pause for Chicago-founded (now Texas-based) restaurant and bar…<\/p>\n","protected":false},"author":2085,"featured_media":62976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1554,6],"tags":[332],"class_list":["post-62973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-category-news","category-category-restaurants","tag-river-north"],"yoast_head":"\nBar Louie Closes 38 Locations Across the U.S., Including River North Bar | UrbanMatter<\/title>\n<meta name=\"description\" content=\"Thirty years of serving up approachable cocktails, filling finger-food, and impressive desserts are coming to an end for Chicago-founded Bar Louie.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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