Northbrook, Ill. — Northbrook, Illinois-based Pinstripes Holdings Inc., an entertainment venue known for dining, bowling and bocce, has filed for bankruptcy and closed 10 units. Pinstripes filed for Chapter 11 bankruptcy on Sept. 8 after accumulating a debt of roughly $143 million, as reported by several media sources.
After going public in December 2023, Pinstripes is now down to eight operating locations and was delisted from the New York Stock Exchange in March due to financial stress, according to company representatives. The venues that will remain open are located in Bethesda, Maryland; Cleveland, Ohio; Edina, Minnesota; Washington, DC; Northbrook, Illinois; Oak Brook, Illinois; San Mateo, California; and South Barrington, Illinois.
Young Conaway Stargatt & Taylor LLP served as legal counsel for Pinstripes Holdings Inc., while CR3 Partners LLC served as financial advisor.
Pinstripes originally operated 18 locations, offering 26,000 to 38,000 square feet of interior space, which featured bowling alleys and additional outdoor space for dining, bocce courts, firepits and decorative fountains.