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Wednesday, July 30, 2008

Bennigan's file for bankruptcy

This news came via Jacksonville Business Journal. Just another sign of the state of the economy. This is not the first and sadly will not be the last food related bankruptcy. Complete story at this link

The restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7 bankruptcy protection and will close all their company locations, a spokeswoman has confirmed.

The Wall Street Journal is reporting that the company owns and operates more than 300 locations, potentially putting thousands of people out of work. But a spokeswoman for Plano, Texas-based Metromedia Restaurant Group, which operates the restaurants, did not have specific numbers.

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