Local news. Locally owned.

Kona Grill in trouble: bankruptcy, locations closing

ICCU Idaho

Kona Grill, an original restaurant in the Village at Meridian, filed for bankruptcy and shutting down locations in recent weeks.

BoiseDev Project Tracker

Presented by TOK

For now, the Meridian restaurant remains in operation and the chain secured temporary financing as it enters bankruptcy reorganization. Locations across the country including in Arizona, Texas, Hawaii, Virginia closed this spring. The company said it will keep running its 27 remaining restaurants as normal.

The company and its former CEO filed lawsuits against each other over his firing. The CEO, James Kuhn, said Kona Grill fired him without cause after three months on the job. But Kona said Kuhn left it in a “perilous financial state, one from which it may be difficult to recover.”

The lawsuit, according to Business Insider, said Kuhn stopped paying for pest control services, cut staffing levels, removed wasabi from sushi entrees and ordered employees to stop cleaning beer lines.

The company said in its bankruptcy filing decisions to double locations and a stock buyback led to liquidity issues.

- Story continues below ads -
The Sundance Company
Tamarack Summer

The New York Stock Exchange dropped Kona after its stock drifted well below $1.

Kona Grill opened at Village at Meridian in 2013, along with Yard House, Twigs Bistro and Martini Bar.

Love our stories? Get them delivered straight to your inbox each afternoon. Plus, support BoiseDev's independent journalism.

Popular

Micron continues large-scale revamp of Boise campus with latest project

Boise-based Micron Technology continues its large-scale revamp of the Boise campus. A newly-issued building permit shows the tech. giant...

Report: Boise tech firm Clearwater Analytics considers sale or other options

Clearwater Analytics, a Boise-based firm that helps companies with financial software solutions, could soon find new owners. Reuters reports...

Related

“Shock and awe:” Large NYC gem gallery to open in second city: Meridian

Astro Gallery of Gems operates a huge retail store on 5th Avenue in New York City. Soon, the retailer will open in...

Village at Meridian reopened. Many of its stores remain closed

The Village at Meridian started to reopen this weekend, but as of Monday morning - the majority of its stores remain closed.
Holland and Hart

Latest

Report: Boise tech firm Clearwater Analytics considers sale or other options

Clearwater Analytics, a Boise-based firm that helps companies with financial software solutions, could soon find new owners. Reuters reports...

Project would tuck condos onto site of single-family home

A proposal to add 16 condos on the site of a single-family home will go through the City of Boise's planning process...

Boise, McLean name building award winners: affordable housing, Boise State, Ronald McDonald House & more

The City of Boise announced the 2020 Building Excellence Award winners. They allocate the awards to people, businesses and organizations who helped...

Country, news, public radio got listeners’ attention during spring radio ratings

The twice-yearly ratings for Boise's radio stations hit the streets late last month. For the second ratings period in a row, they...

Mother-daughter owned Meridian business stays afloat with live social media sales

By Karen Lehr / Idaho News 6 The coronavirus pandemic is forcing many...

Housing and health: Saint Al’s partners with LEAP to help create more affordable housing in Boise

Saint Alphonsus Health System and LEAP Housing Solutions have partnered up to create a land trust. LEAP, an...