Chapter 11 for Sweet & Savory company

The company that owns popular Sweet and Savory restaurant and its new sister unit, The Pub at Sweet and Savory, both near Wrightsville Beach, has filed Chapter 11 bankruptcy, but the owner emphasized that the businesses are not closing.

“We’re planning on being here for a long, long time,” Robert Shapiro said Thursday. “The future looks very bright.”

“This is what we’re doing to ensure our survival,” Shapiro said, emphasizing that the filing is a Chapter 11 bankruptcy, which allows firms to reorganize debt and emerge financially healthy and able to pay creditors, as opposed to a Chapter 7 filing, which requires firms to sell off assets in order to pay creditors.

Read my full report about the bankruptcy in the Greater Wilmington Business Journal.

Shapiro was upbeat about both restaurants, but especially The Pub at Sweet and Savory (2012 Eastwood Road), which he said has nailed a stellar menu comparable to Wilmington’s fine-dining restaurants. The original Sweet and Savory is next door at 1611 Pavilion Place.

His favorite dish puts seared diver scallops and crispy pork belly atop pureed parsnips with bacon Mission fig jam, asparagus tips and house potato chips crisped in duck fat. Available on Thursday, Friday and Saturday nights, the dish cost $18, but on special for just $15 on Thursday nights.

The pub also offers a 9 a.m. to 2 p.m. brunch every Saturday and Sunday.

See the full menu at http://www.thepubatsweetnsavory.com. Call 910-679-8101.

Posted on by lizbiro in Bakery, Restaurants, Uptown Wilmington, Wrightsville Beach Leave a comment

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