Even during tough economic times when the most bullish foodservice industry observers allow for the likelihood of a shakeout, it still comes as a surprise to see to a major restaurant brand go under. The abrupt shuttering of about 200 company-owned Bennigan’s and Steak and Ale locations and S&A Restaurant Corp.’s concurrent filing of Chapter 7 bankruptcy liquidation sent shock waves rolling across the foodservice landscape and through the U.S. business community as a whole. The ...
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