*Marie Callender's parent files for bankruptcy

The reorganization plan announced by Memphis-based Perkins & Marie Callender's Inc. includes the closing of 58 restaurants, though it's unclear how many are Callender's and where they're located. Marie Callender's operates 89 restaurants in California and the Southwest, down from 138 in 2006 when the chain merged with Perkins. Obviously, the recession has taken its toll. From the OC Register:

With the help of her husband, Cal, who did the books, and son Don, Marie Callender sold the family car for $700 and launched a wholesale pie-baking business in the 1940s. By 1948, the wholesale business took off in Orange County. Marie's son, Don, opened the first pie and coffee shop in Orange in 1964. Dozens more followed over the next two decades. Don eventually sold Marie Callender's to Ramada Inc. in 1986. Since then, the Mission Viejo-based chain has struggled to stay relevant with diners under various owners, including Perkins.

As part of the restructuring, private-equity firm Wayzata Investment Partners is expected to gain majority control this fall. A Seattle television station reports that three Callender's stores were abruptly closed over weekend, with some customers told to leave the restaurant in the middle of their meals (did they have to pay?).

*Update: Here's the list of 13 Callender's being closed in California (via the OC Register):

2090 Diamond Blvd. Concord, CA.
20 W. Cochran Street Simi Valley, CA.
1990 Trower Ave. Napa, CA.
1101 S. California Boulevard Walnut Creek, CA.
2460 Mendocino Ave. Santa Rosa, CA.
3400 Clares Street Capitola, CA.
5B Serramonte Center Daly City , CA.
9134 E. Stockton Blvd. Elk Grove, CA.
18070 San Ramon Valley Blvd. San Ramon, CA.
1391 N. Davis Rd. Salinas, CA.
1435 V Street Merced, CA.
790 W. Winton Ave Hayward, CA.
6081 Center Drive Los Angeles, CA.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Food stories:
What to do with all that bad chicken?
Buggy Whip Steak House in Westchester: closed
Tom Bergin's to reopen with new owner
Eagle Rock burger icon closes after 78 years
Proud Bird at LAX to close in a rent dispute

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook