Louisiana-based hospitality brand Ballard Brands increased its bid for the Garces Restaurant Group, the sale of which has been delayed.
Chef Jose Garces' eponymous restaurant group in May this year announced it filed for Chapter 11 bankruptcy protection with intent to sell to Louisiana-based Ballard Brands, which owns New Orlean's PJ's Coffee franchise.
A federal judge in the same month awarded Ballard stalking horse status, with a bid of $6.6 million, setting the figure as the low-end bar on bids.
