Don’t worry Thailand, your unlimited salad, soup and pasta bar isn’t going away after the Sizzler steakhouses in the United States filed for bankruptcy Tuesday.
Minor International Plc., operator of 66 Sizzlers in Thailand, said the filing by Sizzler USA has no impact on its operations as steakhouses are licensed from the company’s Australia-based subsidiary.
Sizzler USA, founded in southern California in 1958 with the idea “everyone can enjoy a great steak dinner at an affordable price”, filed for protection and reorganization under U.S. bankruptcy laws saying its inability to open its wholly-owned restaurants’ dining rooms for most of 2020 due to the coronavirus pandemic has left it unable to even pay rent, let alone employees.
The filing affects only 14 company-owned restaurants, not its 90 American franchises or its international operations.
In a filing with the Stock Exchange of Thailand, Minor – which holds the franchise for a number of big-name U.S. fast-food chains including Burger King, KFC and Dairy Queen – said Sizzler’s Australian operation manages all restaurants in the Asia-Pacific region independently of the U.S.
Sizzler has been in Thailand since 1992 and has nearly as many outlets here as in all of the U.S. Minor said it also has plans for a joint venture to bring Sizzler to China.