Razzoo’s Cajun Cafe has filed for Chapter 11 bankruptcy after closing three underperforming restaurants in recent weeks.
The 20-unit, Addison, Texas-based casual-dining chain said weaker consumer spending, rising demand for convenience and delivery and heavy discounting from competitors have hurt sales, making it harder for the chain to pay rent and service its debt.
A bankruptcy filing in the Southern District of Texas this week listed Razzoo’s assets and liabilities of between $10 million and $50 million…