Wall Street Journal Reports Hawk ‘n’ Dove Files for Bankruptcy
by Larry Janezich
The Wall Street Journal reported tonight about 7:30pm, that Barrack’s Row Entertainment filed for Chapter 11 protection in the U.S. Bankruptcy Court. The action also apparently protects Boxcar Tavern, The Chesapeake Room, Lola’s Barracks Bar & Grill, Molly Malone’s, Pacifico, Senart’s Oyster & Chop House, Park Tavern in Canal Park, and the soon to open Willie’s Brew and Que, on the Southeast Waterfront. According to the WSJ, Manager Richard Cervera signed the bankruptcy petition.
Capitol Hill Corner reached original co-owner Xavier Cervera, who sold the restaurants to Boston Equity Firm in 2013 (Richard is Xavier’s brother, and part of the group which purchased the restaurants.) Xavier Cervera said, “Not really sure what’s going on. My business partner and I sold the company in December of 2012. We did finance a large part of the sale so I guess our attorneys will be very busy next week trying to establish what difficulties they are having .” (Update: CHC erroneously reported Xavier has a contract with the new owners to manage the day to day operations of the nine restaurants. He has no such contract. Xavier does not and has not since the sale managed the restaurants. He has a contract to work as a consultant. CHC regrets the error.)
See the WSJ Story here: http://on.wsj.com/1pljTNL
For CHC posting on the sale of the restaurant group to Boston Equity Firm in April of 2013, see here: http://bit.ly/1dVMFgU