100 Montaditos restaurant out of bankruptcy

The Spanish restaurant chain 100 Montaditos announced last week that its Florida operation has emerged from bankruptcy eight months after filing voluntary petitions for Chapter 11 reorganization. The company established a new operational structure and plans to resume expansions across the U.S.

The company operates restaurants in West Kendall, Miami Lakes, Midtown, Brickell and Tampa in addition to two locations in the U.S.

The bankruptcy was limited to the chain's Florida stores.

As part of the company’s restructuring efforts, it said in a statement, a new management team was appointed, led by Ignacio Garcia Nieto, who previously served as the Franchise Development Director for 100 Montaditos in the U.S. and Latin America. As managing director, Garcia Nieto has overseen the operations of the company as well as supported the restaurants operated by 100 Montaditos franchisees.

MIAMI HERALD STAFF

This story was originally published November 10, 2015 at 5:32 PM with the headline "100 Montaditos restaurant out of bankruptcy."