High-end steakhouses have been hit hard during this recession, as both consumers and businesses rein in their spending on big-ticket meals. In New York City, the pain has been particularly acute, as steakhouses watched Wall Street expense accounts melt with the marketâ€™s implosion, and many corporations eliminated their pricey holiday parties, stunning even the most veteran of restaurateurs. Stephen Hanson, president of B.R. Guest Restaurants, a multiunit operator of many high-end ...
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Contact: Desiree Torres Desiree.Torres@penton.com