Overview
- All nine remaining restaurants — eight in North Carolina and one in Virginia — closed effective Dec. 1, according to a company social-media post.
- The closure notice did not detail a reason, though a statement to FOX8 described an extremely challenging operating environment.
- A former employee told WFMY News 2 that more than 300 workers lost their jobs, according to Business Insider.
- Industry data from Technomic showed a 10% year-over-year sales decline in 2024 with a weaker outlook flagged for 2025.
- K&W filed for Chapter 11 in 2020, emerged in 2021, and was acquired by Falcon Holdings in 2022, with no new bankruptcy filing reported.