Einstein Bros Bagels In Andersonville Closing, Company Downsizes Nationwide

Friday, February 20, 2015

On Tuesday, February 24, Einstein Bros Bagels at 5318 N Clark St. will be closing its doors for good. In an effort to downsize and eliminate the restaurants that are not performing well, the Andersonville store will be among other Chicagoland locations which are also expected to be closing. Nationwide, Einstein Bros Bagels will be shuttering 39 stores.

In a statement released by the company, they said, “After careful evaluation, Einstein Noah Restaurant Group, Inc. (“ENRGI”) has come to the difficult decision to close 39 underperforming restaurants, effective Tuesday, February 24, 2015. The company will continue to focus on its high-performing restaurants to ensure the future growth and success of the business. ENRGI values the continued support of its customers, and the dedication and hard work of all its employees.”

Though the company says that they will try to work with relocating workers of the shuttered stores, one employee of the Andersonville location who has been with the company since 2008, let us know that the employees have in fact all been laid off.

Formed in 1995, Einstein Bros Bagels was the corporate answer to the nineties bagel craze. They quickly started buying up smaller chain bagel restaurants throughout the country only to go into bankruptcy in 2000 because of too much debt. It was then that New World Coffee bought the company out of bankruptcy for $190 million.

As of 2012, there were 773 Einstein Bros Bagels stores throughout the country. Last year the company was then again purchased by its current owner JAB Holding Co. (Peet’s Coffee & Tea Inc.) for about $364.5 million.

Tags: Andersonville, Chicago, closing, edgeville, Edgewater, Einstein Bros Bagels

We invite you to comment as Edgeville Buzz's GUEST. We review all submissions before they go live on our online property to encourage civil dialogue. Posts must adhere to our COMMENT POLICY and we reserve the right to delete posts/ban users for instances of inappropriate language, bullying speech, character defamation, spam, etc. By posting, you agree to our LEGAL TERMS.

angela garner

This is not true there will be no relocation. All employees have been laid off including myself. I have been employed with them since 2008. This is actually my store : (
- BuzzModerator
  
  Thank you Angela. We will amend the story with your info and we wish you and your employees all the best.
  - Neighbor
    
    The last couple managers ran this Einsteins very well. It all went downhill when the last girl “took over”
    The current manager has a lot to be desired for her lack of keeping menu items available during prime business hours. Probably not her fault, but lack of Einsteins corporate proper training.
    With the exception of one of the staff, they are all very friendly and helpful.
T

Well, no more bland bread rings. Hopefully a real bagel place will popup in the neighborhood
- Darren
  
  Try JB’s Deli right down the street at 5501 N Clark St. They sell New York Bagel and Bialys.
Jim

As I suspected, the one in Aville is not closing because of weak sales. It’s because rent is too high. We heard the the staff telling another customer in line today.

Edgewater/Andersonville - Tap Into Your Community

Einstein Bros Bagels In Andersonville Closing, Company Downsizes Nationwide