Is it true that Bennigans will be closing because of bankruptcy?
Bennigan’s Grill & Tavern used to be the Metro Media Restaurant Group owned mock Irish family dining spot where Friday and Saturday night food and fun made for a great date locale. Today Bennigan’s news is not good and all company owned restaurants have closed their doors without warning. As these Bennigan’s closing news is a surprise to employees and the lunch crowd alike, franchisees scramble to let their clientele know that they are still open. Bennigan’s restaurant closures are seen throughout the United States and those who never saw the end of their casual dining establishment coming were dumbfounded to learn that the company filed for Chapter 7 bankruptcy relief in the early morning hours of July 29th, 2008. Employees were not made aware of the impending loss of their jobs until this very morning, and tensions are running high. Adding insult to injury is the rumored possibility that employees may not even get their last paychecks as all company assets are now under bankruptcy co
Restaurant chains Bennigan’s and Steak & Ale have filed for Chapter 7 bankruptcy protection and stores owned by its parent company will shut their doors. The companies owned by privately held Metromedia Restaurant Group of Plano, Texas, filed for bankruptcy protection Tuesday in the Eastern District of Texas, less than two months after Metromedia said it was not preparing to do so. Metromedia Restaurant Group is a part of Metromedia Co., owned by billionaire John Kluge, that has interests in entertainment, radio stations and medical equipment. In a Chapter 7 filing, a company seeks to liquidate its assets and shut down. Locations owned by franchisees were not part of the bankruptcy filing and will not be shut down, said Larry Briski, president of the Bennigan’s Franchise Operator Association. “They will be open today, tomorrow and months and years to come,” Briski said of the franchise locations. The 138 domestic and international franchisee-owned restaurants are “open and fully operat
According to Halftime’s Manager, Mike Huges, Bennigan’s will still be open until July 29th. Following that, the doors will close for two days with remodeling and new memorabilia decorating the interior. The exterior will also get a new paint job. These modifications are brought about by the bankruptcy filed by Bennigan’s last year, according to Hughes. Sources: http://www.mydailyregister.com/pages/full_story/push?
