Beloved Fried Chicken Chain Warns of Closing All Locations

0
1KB

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
Fondop's wall-mounted motivation to take Oldham up
Mike Fondop: Oldham striker on his wall-mounted motivation to win promotionOldham Athletic's...
Por AtoZBuzz 2025-06-01 07:26:22 0 1KB
Health
Invasive pests could stage dramatic comeback this summer, experts warn
Invasive pests could stage dramatic comeback this summer, experts warn NEWYou can now listen to...
Por Mystic Queen 2025-06-19 02:13:25 0 1KB
Mysticism
9 Mistakes On The Path to Enlightenment
9 Mistakes On The Path to EnlightenmentDuring my years as a seeker, I stumbled into numerous...
Por Mystic Queen 2025-06-11 21:41:19 0 1KB
Networking
Potential discovery of new dwarf planet adds wrinkle to Planet Nine theory
Potential discovery of new dwarf planet adds wrinkle to Planet Nine theory A team of scientists...
Por Mystic Queen 2025-06-01 08:36:10 0 1KB
Cold Process Soap
Pumpkin Sandalwood Soap
Pumpkin Sandalwood Soap - Soap QueenPerfect for a hot bath on a cold night, this Pumpkin...
Por AtoZBuzz 2025-06-17 11:34:56 0 1KB
AtoZ Buzz! Take Control of the narrative https://atozbuzz.com