Le Pain Quotidien has today filed for Chapter 11 bankruptcy protection. This particular brand might be of interest because I seem to remember there being a Le Pain Quotidien Amex Offer at some point in the last couple of years, so some of you might have bought their gift cards to lock in the savings from that offer and are still sitting on them.
The restaurant chain is reportedly hoping to sell the business to Aurify Brands LLC which would help retain the value of any of their gift cards that you might be holding. However, it sounds like they might be planning to liquidate the business if that doesn’t work out, so be aware of that risk.