Posted
8/03/2004 05:05:00 PM
by Douglas
Holy crap! Looks like I'm about to lose about
60 pounds.Schlotzsky's Inc., a delicatessen franchiser with more than 500 outlets in 36 states and six countries, filed on Tuesday for protection from its creditors under Chapter 11 of the federal bankruptcy laws.
Schlotzsky's said operations would continue normally during the financial restructuring. The Austin-based company owns 21 shops while franchisees own 492 stores.
The best thing to come out of Austin, Texas, besides myself, of course, are Stevie Ray Vaughan,
Austin City Limits, and Schlotzsky's. Go out and eat one of their sandwiches. Now. I'll wait.