Daily News: October 25, 2013

Reuters: Hospitality Staffing Solution Files for Chapter 11

Reuters reported that Hospitality Staffing Solutions Group filed for Chapter 11 bankruptcy on Thursday, three years after being acquired by private equity firm Frontenac Co.

Reuters said the company plans to conduct a court-supervised auction of its business, according to court filings, and a stalking-horse bid will come from affiliates of Littlejohn & Co, a private equity firm, Reuters said.

To read the entire Reuters article, click here.