LO Stanford's appears to be safe after Portland cuts
Two of the Portland area Stanford's restaurant outlets chain have closed — though the Lake Oswego location appears to be safe. The Stanford's at Portland International Airport and Lloyd Center join Henry's Tavern in the Pearl in shuttering as a result of Seattle owner Restaurants Unlimited's bankruptcy.
OregonLive first reported that both the Stanford's shut down around Sept. 28. Stanford's still has outlets open in Clackamas, Lake Oswego, Hillsboro and North Portland. The Henry's at the airport remains open.
"Although Restaurants Unlimited is an iconic restaurant company with unparalleled locations, stretching from Anchorage, Alaska through the Pacific Northwest, nevertheless, it was forced to file bankruptcy due to owning and operating a number of unprofitable restaurants," said Steve Scheinthal, executive vice president and general counsel for Landry's Inc. in an email to the Review Oct. 7. "We selected their top units and are unaware of the disposition of the locations we didn't take."
Landry's Inc.-acquired restaurants include the Lake Oswego Stanford's location and Manzana Rotisserie Grill.
Managers at Lake Oswego's Stanford's and Manzana restaurants declined to comment, though one of Manzana's managers said she's heard about the closures and is not worried about the downtown Lake Oswego restaurant.
In late September U.S. bankruptcy court approved the $37.2 million sale of Restaurants Unlimited to Landry's Inc, which already owns McCormick & Schmick's.
Reporter Clara Howell contributed reporting to this story.
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