Piccadilly Restaurants
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Piccadilly Restaurants is an American chain of cafeteria-style, casual dining restaurants in seven, mainly southeastern United States with the majority located in the Gulf Coast region. They are owned by Piccadilly Holdings LLC.
In addition to its traditional restaurants, Piccadilly operates Piccadilly Emergency Services, which provides meals in emergency and disaster settings, and Piccadilly Food Service, which offers meals for schools, hospitals and government organizations.
The company also offers family dining, meals-to-go and catering services.[1]
History
Thomas J. Costas opened the first Piccadilly Cafeteria in 1932 in Baton Rouge, Louisiana. Tandy Hannibal Hamilton acquired the business from Costas in 1944.[2]
Piccadilly expanded in 1998 when it purchased Morrison’s Cafeterias, a major competitor.[3] The move doubled the number of locations to 270, but poor performance led the company to file for bankruptcy in 2003.[4] The company was then purchased by Yucaipa Companies and Diversified Investment Management Group.
Piccadilly filed again for Chapter 11 bankruptcy protection in 2012, as it was down to 41 locations.[5][4] The company was purchased by Falcon Holdings, led by its former CEO Azam Malik, in 2014.[4] In 2018, the company resumed its expansion, opening its first Piccadilly To-Go location in Cordova, Tennessee. In 2019 a "prototype" restaurant designed to lead future growth was opened at Juban Crossing in Denham Springs, LA, near the company's original location in Baton Rouge.[6]
As of April 2024, the company operates 29 locations in Florida, Georgia, Louisiana, Mississippi, Tennessee, and Virginia.
On August 16, 2022, K&W Cafeterias president Dax Allred announced the sale of K&W and its 11 locations to Piccadilly.[7]
References
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- Companies based in Baton Rouge, Louisiana
- Economy of the Southeastern United States
- Regional restaurant chains in the United States
- Restaurants established in 1944
- 1944 establishments in Louisiana
- Companies that filed for Chapter 11 bankruptcy in 2003
- Companies that filed for Chapter 11 bankruptcy in 2012
- Cafeteria-style restaurants
- Louisiana cuisine