Uno Restaurant Holdings Corporation Files For Chapter 11

Debtor Name:  Uno Restaurant Holdings Corporation

Year Filed:  2010

Jurisdiction:  United States Bankruptcy Court / Southern District of New York

Asset Size:  100,000,001 to 500,000,000

Case Number:  10-10209

Industry:  Restaurant, Food & Beverage

Uno Restaurant Holdings Corporation and numerous entities filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Southern District of New York.  The debor is based in West Roxbury, MA and represented by Weil, Gotshal & Manges LLP.  They own and operate 99 Uno Chicago Grill full-service dining restaurants in 28 states and the District of Columbia.

According to the CFO's Affidavit, the debtor suffered a net loss for fiscal year 2009 of approximately $22.2 million. "As the national economy suffered and consumers cut discretionary spending, Uno, like its peers, experienced a significant decline in sales.  Reduced sales, coupled with increased structural costs, including the cost of key commodities, such as energy, wheat, and cheese, negatively impacted cash flow.  Accordingly, Uno's ability to invest in its brand and its operations became impaired, and it became increasingly difficult to support its existing capital structure".