Company closing several area Dairy Queens; cites Harvey, oil downturn
The parent company that owns more than two dozen Dairy Queens in the region is blaming the financial effects of Hurricane Harvey and a sluggish oil market for the likely closure of many of its restaurants.
Irving-based Vasari LLC outlined its plan to close 29 stores in Texas, New Mexico and Oklahoma — including 16 in the Texas Panhandle, South Plains and Eastern New Mexico — according to documents submitted Monday and Tuesday as part of its Chapter 11 bankruptcy filing in North Texas Federal bankruptcy court.
The initial petition was filed Monday in the Fort Worth-based court.
In a statement released Tuesday, Vasari officials said that, under the Chapter 11 protection, the franchisee will restructure the company to close a significant number of underperforming restaurants by the end of the year, “resulting in a smaller but financially stronger company with approximately 45 remaining restaurants in growing markets.”
Read more: http://amarillo.com/news/local-news/business/2017-10-31/company-closing-several-area-dairy-queens-cites-harvey-oil
The full list of affected restaurants provided in bankruptcy filing
NEW MEXICO
1 Hobbs, 220 West Bender Boulevard
2 Raton, 1630 Cedar Street
OKLAHOMA
3 Clinton, 720 West Gary Boulevard
4 Admiral, 7819 East Admiral Place
5 Owasso, 9495 North Owasso Expressway
TEXAS
6 Crosbyton, 303 West Main Street
7 Denver City, 500 West Broadway
8 Idalou, 108 West 1st Street
9 Lockney, 217 South Main Street
10 Merkel, 1107 North 7th Street
11 Post, 601 North Broadway
12 Seagraves, 1005 Railroad
13 Clarendon, 603 West 2nd Street
14 Claude, 298 West 1st Street
15 Coleman, 2000 South Commercial Avenue
16 Perryton, 1014 South Main Street
17 Shamrock, 1243 North Main Street
18 Wellington, 1010 Houston Street
19 Dalhart, 215 Oak Avenue
20 Dumas, 224 S. Dumas Avenue
21 Gruver, 200 Main Street
22 Haskell, 211 North 1st Street
23 Stratford, 502 East Texas Avenue
24 Cedar Hill, 303 West Copper Street
25 Carrollton, 3488 East Rosemead Parkway
26 Waco, 125 LaSalle
27 San Augustine, 1010 Nacogdoches Highway
28 Conroe, 1612 North Frazier Street
29 Giddings, 977 East Austin Street
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