Bennigan's, Steak & Ale Close,
File for Bankruptcy Protection
By JEFFREY MCCRACKEN and JANET ADAMY
July 29, 2008 12:47 p.m.
July 29, 2008 12:47 p.m.
National restaurant chains Bennigan's and Steak & Ale have closed their doors and filed for Chapter 7 bankruptcy protection, shuttering more than 300 locations and letting go of thousands of employees.
It is one of the country's largest restaurant bankruptcies and eliminates two sit-down chains that have been part of the casual-dining landscape for decades. The chains will liquidate and aren't likely to re-open.
Late Monday, managers at Bennigan's and Steak & Ale were told not to open restaurants the next day, according to two people familiar with the matter. Employees were told there wouldn't be enough money to pay them for the rest of the week, these people said.
Only Tchochkies and Flingers remain
1 comment:
rough for the staff......I say go back in to the restaurant and lift all you can......no pay? fuck that....
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