Philadelphia restaurant group Glu Hospitality has shut down, splitting its 16 locations across nine concepts among new owners and leaving vacant spaces across the city. Co-founder Derek Gibbons said the company grew too quickly during the pandemic, straining its finances. Founded in 2019 by Gibbons and Tim Lu, Glu also faced lawsuits, wage theft allegations, and a state labor investigation, which remains ongoing. Gibbons insists these issues are unrelated to the closure. In recent months, Glu began transferring ownership of some restaurants while shutting down others.

*Article courtesy of Philadelphia Business Journal

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