Local pizza chain Matchbox has filed for chapter 11 bankruptcy reorganization, including eight of its restaurant locations, amid the Covid-19 pandemic.
As part of the reorganization, Matchbox, founded in 2003 and acquired in part by Thompson Hospitality Corp. in 2018, has also agreed to sell most of what remains of the legacy Matchbox chain to Thompson for $14 million.
This sale will not include the Matchbox location on 14th Street NW, nor the assets affiliated with former locations in Chinatown, Woodbridge and Richmond. The latter three have all closed in the past year and a half but only the Woodbridge location filed for bankruptcy Tuesday.
Woodbridge appears to have closed permanently since the onset of the pandemic; its last social media post was March 6 and the location no longer appears on Matchbox’s website. We’ve reached out to Matchbox to confirm the permanent closure and will update this post when we hear back.
In all there are 12 operating Matchbox restaurants, including…Read the full story from the Washington Business Journal.