Grandy's, Souper Salad Sell For $10M In SSI Bankruptcy

Law360, Wilmington (December 5, 2011, 7:29 PM EST) -- SSI Group Holding Corp. got the go-ahead from a Delaware bankruptcy judge on Monday to sell its Grandy’s and Souper Salad restaurant chains to two separate buyers for a combined $10 million, with an affiliate of Sun Capital Partners Inc. snatching up Grandy’s for $6 million.

U.S. Bankruptcy Judge Mary F. Walrath also cleared the sale of SSI’s Souper Salad restaurant chain at the hearing for around $4 million to LNC Ventures LLC, which is headed by investors that previously operated two Souper Salad franchises....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.