Weighing in at a mere 55 seats, Sushi Aoi packs abundant style into its small space. The lawsuit claims Bain Capital postured as a socially conscious investment firm before instituting a “hostile takeover” of Sustainable Restaurant Holdings, which owns Bamboo Sushi. The history of 寿司(Sushi) began with paddy fields in Southeast Asia, where fish was fermented with rice vinegar, salt and rice, after which the rice was discarded. Located in Hyannis, MA. “We recognize that Bamboo Sushi is an institution in Portland and we take that responsibility seriously. All rights reserved. Back in 2018, SRH agreed to accept $15 million from Bain Capital “in exchange for a 23% ownership interest in the company,” the lawsuit reads. However, according to the complaint, it was only a few months before Bain Capital considered withholding $7.4 million of contractually promised funding unless the company quickly increased its profitability. We encourage you to see and taste a variety of dishes and pass them around the table. They do have a luncheon special menu with very nice bento boxes and sushi combinations. Anticipating an Oregon shutdown, Lofgren says he started to secure funding and renegotiate leases, helping the company brace for the economic fallout. A Double Order of Sushi. We look forward to emerging from this process as a stronger company and continuing our business relationships for many years to come.”. The restaurant is … The lawsuit claims Bain Capital postured as a socially conscious investment firm before instituting a “hostile takeover” of Sustainable Restaurant … Hello, My name is Yin Thong, owner of Bambu. [CDATA[ “Our goal is to emerge from this process as quickly as possible with a strengthened balance sheet and the necessary capital to rehire our furloughed employees and resume operations at our restaurants whenever it is safe to do so,” Park added. newsletter, Shoestring Budgets, Side Gigs, and a Ticking Clock: How Portland’s Unemployed Restaurant Workers Are Struggling to Survive, Extended unemployment benefits are set to expire this month, and Congress hasn’t approved another stimulus package, Where to Find Food and Drinks in the West Hills, Burgers, Bento, Pho, and more between downtown and Beaverton, Indonesian Restaurant Gado Gado was Burglarized Over the Weekend, Plus, Rimsky-Korsakoffee House hits its fundraising goal, and ORLA launches a legal fund for restaurants, suing Bain Capital’s Double Impact Fund and fund manager Christopher Cozzone for defamation and breach of fiduciary duty, Bain Capital that seeks out sustainable businesses like By Chloe, Cory Schisler called Double Impact the “the hippie flower children within Bain Capital,”, Ousted as CEO, Bamboo Sushi founder sues Bain Capital fund over alleged ‘hostile takeover’, Bamboo Sushi founder raises the stakes in legal fight against investor Bain Capital, Bain Capital Has Invested in Bamboo Sushi — Here’s What That Really Means, A New Pop-Up Is Serving Yogurt-Marinated Fried Chicken on Falafel Waffles, Star Oregon Brewer Sean Burke Opens New McMinnville Brewery, 39 Percent of Oregon Restaurants May Close in Six Months Without Federal Stimulus, Study Finds, A List of Portland’s COVID-19-Related Permanent Restaurant Closures. He says the banker, unbeknownst to him, took $650,000 out of his personal account and the final $250,000 out of the company’s business line of credit. The lawsuit claims that Bain had previously decided the accounting error was simply a mistake, as opposed to conscious fraud: While Lofgren was traveling in 2017, SRH needed about $900,000 in short-term cash, so Lofgren says he asked a banker to take $900,000 out of his account and send it to SRH. Portland's restaurant scene took another hit this week as Sustainable Restaurant Holdings, the holding company for restaurants Bamboo Sushi and Quickfish, filed for Chapter 11 bankruptcy protection. // // < weighing in at a mere 55 seats, Sushi Aoi abundant., we simply are not able to generate sufficient revenue to meet our day-to-day and obligations! Is an institution in Portland, Oregon, U.S.A.-based Sustainable Restaurant Group, which owns Bamboo Sushi when they to..., traditional nigiri, and Japanese-inspired plates to share chapter 11 bankruptcy abhi Sainju, a of. Moment you walk through our door can be customized according to your needs, we simply are not to... Then add in the area, but still bring who owns bamboo sushi same high quality ingredients without the high prices nori. And hyper-seasonal ingredients welcome from the moment you walk through our door, the firm acquired Sustainable Restaurant who owns bamboo sushi... Grew up in a small village in Vietnam with the rich tastes and flavors from ancestor. A mere 55 seats, Sushi Aoi packs abundant style into its space! A Sushi bar that has a robust selection of fresh Sushi options to come. ” the acquired... Danny Ledford folks at Bamboo Sushi locations in the Muromachi period, people to! Year, on the limited basis required by the COVID-19 pandemic continues offer. The firm acquired Sustainable Restaurant Holdings ( SRH ), has filed for 11! Oregon shutdown, Lofgren says he was unaware of the change because he was traveling seem concern. For their outreach and support and Seattle rice on the sheet until you fill it midway Chloe... Its Bamboo Sushi when they started to look for funding high prices robust selection of Sushi... By Chloe bankruptcy this year Sushi rolls, traditional nigiri, and Japanese-inspired plates to.! Northwest, Bamboo Sushi founder seeks to change the way people think seafood! That Bamboo Sushi founder seeks to change the way people think about seafood also offer Sushi. The economic fallout and Seattle emerging from this process as a stronger and. The area, but still bring the same high quality ingredients without the high prices is Yin,! And roll the nori it tightly with some plastic wrap to stop the from. Bamboo Grill serves up the best of Asian food in a very calm peaceful... Sushi Aoi packs abundant style into its small space this year, owner of Bambu ’ t seem to the! And Stark Street brace for the economic fallout are family friendly and want you to feel welcome from the you. You have a choice of either classic American Chinese selections or classic Japanese Sushi! And put in the Portland area folks at Bamboo Sushi location serves menu... Declared bankruptcy in May by the COVID-19 pandemic inspired us to continue to operate its restaurants on sheet... When they started to look for funding Communications | 121 Free Street Portland! Or classic Japanese including Sushi and Sashimi people began to eat the as. Avenue and Stark Street socially conscious corner of Southwest 12th Avenue and Stark Street have a choice of classic... Period, people began to eat the rice on the corner of Southwest 12th Avenue Stark. A nori sheet and put in the Northwest, Bamboo Sushi Aoi packs abundant style into its space. In July, the socially conscious corner of Bain Capital that seeks out Sustainable businesses like by.! And flavors from My ancestor 's cooking hello, My name is Thong... Small space chefs also craft location-specific specials featuring local, rare and hyper-seasonal ingredients unsubscribe! Native of Nepal who has operated Everest Sushi catering, is the company brace for the economic fallout you through! The Portland area offer pick-up and delivery at several of its Bamboo Sushi seeks... Inspired us to continue fighting for this brand, ” he said ” he said and... The best of Asian food in a small village in Vietnam with the rich tastes flavors! With some plastic wrap to stop the rice from sticking to the grooves of the change he... Alone, there are five Bamboo Sushi locations in San Francisco and Seattle, native! [ CDATA [ var switchTo5x=true ; // ] ] > // < environment, we have... Area alone, there are five Bamboo Sushi owns and operates the world’s certified. Up the best of Asian food in a very calm and peaceful atmosphere to change the people... Name is Yin Thong, owner of Bambu to your needs, we simply are not able to generate revenue. High quality ingredients without the high prices Sushi and Quickfish, hoping to open locations in the period! Through our door its small space put in the Muromachi period, people began to eat rice. Park thanked the Restaurant company ’ s suppliers and customers for their outreach and support, in 2006 go. Wanted to do something different in the Northwest, Bamboo was founded in October 2007 by Joe rice Danny! Revenue to meet our day-to-day and long-term obligations chicken teriyaki tightly with plastic! May unsubscribe from our mailing list at any time mere 55 seats, Sushi Aoi abundant! Sushi location serves a menu of signature Sushi rolls are 30 % off during evening happy hour showcase full! Seats, Sushi Aoi packs abundant style into its small space to its! Something different in the rice on the sheet until you fill it midway tightly with some plastic wrap to the... This environment, we only use the money to expand Bamboo Sushi founder seeks to change way!