Beloved Fried Chicken Chain Warns of Closing All Locations

0
2K

Beloved Fried Chicken Chain Warns of Closing All Locations

Kevin Harrish

2 min read

If you've ever traveled to the New York area in recent years, there's a chance that you've enjoyed Sticky's – a unique and iconic New York fried chicken spot. But recent events could force the beloved New York chain to close all locations.

Sticky's Chicken Joint is a beloved New York fried chicken chain with 12 locations throughout the area. Launched in 2012, Sticky's quickly became a beloved fast-casual hot spot with its farm-raised, antibiotic-free chicken and several unique sauce flavors.

However, despite its popularity, the chain was hit hard by the COVID-19 pandemic due to its dependence on New York foot traffic and had a hard time bouncing back. Ultimately, Sticky's filed for Chapter 11 bankruptcy in April of last year to help cut its debts and chart a path forward. However, it sounds like the beloved chain has run into some issues.

Sticky's has received a $2 million cash offer from Harker Palmer Investors, who would purchase the chain and take responsibility for some of its debts. However, the U.S. Trustee – the Justice Department's bankruptcy watchdog – is pushing back against the deal.

U.S. Trustee claims that the deal would give Harker Palmer too much legal protection if the company were ever sued in the future, complicating the sale process.

Harker Palmer has since revised the terms of the agreement in an attempt to satisfy the government watchdog. If that does not work, Sticky's has issued an ominous warning about its future if the sale does not go through.

In a court filing last week, the firm warned that if the sale is not approved, the beloved fried chicken chain will be forced into Chapter 7 liquidation, which would mean closing all stores and selling off its assets, according to Bloomberg.

We'll have to see whether or not the updated terms of the sale will be accepted by the U.S. Trustee.

Beloved Fried Chicken Chain Warns of Closing All Locations first appeared on Men's Journal on Jun 10, 2025

Pesquisar
Categorias
Leia Mais
Sports
Why Dale Earnhardt Jr. was proud of Nashville Xfinity winner Justin Allgaier
Why Dale Earnhardt Jr. was proud Nashville Xfinity owner after Justin Allgaier's winLEBANON –...
Por AtoZBuzz 2025-06-01 07:30:46 0 2K
News
Rivian’s R2 will 'underpin' all future Volkswagen EVs, exec says
Rivian’s R2 will 'underpin' all future Volkswagen EVs, exec says Mon, Jun 2, 2025,...
Por Mystic Queen 2025-06-03 04:46:53 0 2K
News
Elon Musk biographer says major Tesla merger could be imminent: 'I think it's going to happen'
Elon Musk biographer says major Tesla merger could be imminent: 'I think it's going to happen'...
Por Mystic Queen 2025-06-15 20:57:40 0 2K
Politics
Gavin Newsom proposes $2,000 asset eligibility test to control soaring state Medi-Cal costs
Gavin Newsom proposes $2,000 asset eligibility test to control soaring state Medi-Cal costs...
Por AtoZBuzz 2025-06-01 08:28:29 0 3K
News
A 40-Year-Old Couple With $1 Million Explains How They Reached The Milestone: 'We Are By Far One Of The Smallest Homes On Our Street'
A 40-Year-Old Couple With $1 Million Explains How They Reached The Milestone: 'We Are By Far One...
Por Mystic Queen 2025-06-16 05:00:13 0 2K
AtoZ Buzz! Take Control of the narrative https://atozbuzz.com