K&W Cafeterias has filed for Chapter 11 bankruptcy following the closing of several of its restaurants, including two in the Triangle.
The Winston-Salem-based company submitted bankruptcy filings last week in North Carolina Middle District Bankruptcy Court. In an emailed statement, K&W president Dax Allred said the restaurant company’s cafeteria-style dining model and often older clientele made it particularly vulnerable to financial strain brought on by the COVID-19 pandemic.
Allred said the company had made efforts to modernize in recent years by adding online ordering and delivery options, but that the onset of the coronavirus crisis led to bankruptcy.
“Unfortunately, the impact of COVID-19 and related operating restrictions had a disproportionately negative impact on our loyal guests and cafeteria-style dining,” Allred said. “We are hopeful this restructuring will allow our cafeterias to weather the storm and continue serving guests for years to come.”
K&W opened in 1937. Allred is