Retailer Goes Bankrupt | Restaurant Chain Shrinks | Dispensaries Expand: IL Business News

This week in Illinois business news, a sit-down chain goes from hundreds of locations to one in IL; a luxury retail chain has filed for bankruptcy; and a village maxes out its allowed dispensaries.

Additionally, a financial risk turned into a booming business that kept expanding for this local restaurant owner.

Check out this week's top headlines for Illinois business news on Patch:

• This Sitdown Restaurant Chain Shrinking With Just 1 IL Location
• Saks Files For Bankruptcy; See Impact On IL Stores
• 2nd Cannabis Dispensary Opens In Suburb, Capping Village Ordinance
• Nicky V's Success 'Unreal': Owner Reflects After Openings Of New Lenox, Lemont, 2 Other Locations In 2025
• IL’s Best Doughnut Found Here: New Ranking

The Bottom Line

• Kristen Pierce-Sherrod, the CEO and daughter of the Founder of Harold's Chicken,has passed away, her family announced.
• Employees at Time Out Market in Chicago were surprised to learn that the food hall would close its doors this month after seven years in Fulton Market.

Deal of the Week

Stay tuned for the release of this year's $3 Frosty Key Tag from Wendy's, which allows customers to get a free Jr. Frosty with any purchase at participating Wendy's locations. Proceeds from the key tags are used to support the Dave Thomas Foundation for Adoption.

More Restaurant News

'It Isn't Just A Coffee Shop': Employees Rally To Raise Funds For Café Closed Indefinitely After Crash
Beyond Borders Café was structurally damaged when a car hit the building early Monday, and they lost many of their goods and supplies.

CAVA Now Open At Block 59 In Naperville
The fast-casual Mediterranean restaurant opened on Jan. 12.

Ticket Sales Launch For Valentine's Day Dinner At Morton Arboretum
Ticket sales began Jan. 13 for Morton Arboretum's five-course Valentine's Day dinner.

Lockport Wendy's Opens Friday
The new business is celebrating with promotions and give-backs to the community.

Asian-Inspired Cafe Opens 1st Location In Walmart
Not only is the new store Bambu's first in a Walmart, but it's also the first to open in the Chicago suburbs.

More Business News

MeMe's Candy And Cards To Host Grand Opening Jan. 30
The "old-fashioned" candy store will open Jan. 30 at 4927 Main St. in Downers Grove.

New Pickleball Facility Coming To Bolingbrook
Picklr has applied for a building permit at 111 S. Weber Road, the Village said.

Romeoville's Marriott TownePlace Suites Opening Soon
The four-story building is nearing completion at the northeast corner of Weber Road and Windham Parkway.

Chain Fitness Center Opens In Darien
The gym offers a "non-intimidating environment" for its members, the franchisee said.

Homewood's Holiday Shopping Promo Sees $30K Spent Among 21 Local Businesses: Village
The Unwrap Homewood campaign started in November as a way to encourage residents and visitors to shop locally this holiday season.

Wilmette Trustees To Vote On 24/7 Veterinary Clinic
Trustees will vote Tuesday night on a proposed 24-hour emergency veterinary business opening up in Wilmette.