New owner of Etta restaurant group plans to expand nationwide with hundreds of new locations
Johann Moonesinghe, a tech entrepreneur and restaurant owner from Texas, has big plans for Etta
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Johann Moonesinghe, a tech entrepreneur and restaurant owner from Texas, has big plans for Etta
Etta Collective's bankruptcy is the latest blow to owner David Pisor, who's restructuring the company that still has locations in Bucktown, West Town and Arizona.
David Pisor — owner of Etta and Aya Pastry — defaulted on a $2.5 million loan on Jan. 17, according to a filing from lender Wintrust Bank in Cook County court.
Investors in the popular steakhouse are suing the company for using PPP money on personal expenses.
Maple & Ash, a steakhouse in Chicago and Arizona, is accused of spending $2 million in PPP funds on a private jet and $32,000 for country-club access.