UPDATE: Bankrupt chain closes 2 local bars

Bankrupt chain closes 2 local bars

Bar Louie closed two locations in the Miami Valley, one at The Greene Town Center and the other at Austin Landing.

Both the Beavercreek and Austin Landing locations posted on their Facebook pages that their last day of business was Jan. 25.

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The Texas-based gastropub chain announced Monday it had filed for Chapter 11 bankruptcy protection.

"Bar Louie is a profitable business focused on long-term growth with new investors. The sale through Chapter 11 will help us to focus on our profitable core locations and expand in areas that have a proven track record of success," said Tom Fricke, CEO of Bar Louie. "Most importantly, it ensures that we can continue to provide superior service to our guests, implement an exciting range of new customer-facing initiatives, expand our marketing influence, and continue to offer the 5-star experience we are known for."

The company expects to emerge from the Chapter 11 process within 90 days.