Tuesday, July 29, 2008

The End of the Monte Cristo Sandwich


On July 29, 2008, the web site of WBBM-AM news radio (Chicago) reported that the Bennigan's chain had closed due to bankruptcy. The website cites calls to several area Bennigan's locations in which managers and employees told reporters that the closings were company-wide, having been informed by their own supervisors early on the morning of July 29, 2008. There are reports of shutdowns in Chicago [1], New Jersey [2], North Texas. Florida, and Colorado [3] Later that day, sister station WBBM-TV reported on its web site that only company-owned stores were closing, and that franchised locations remain open. [4]

Other reports indicate that the massive shutdown only remains within the national borders of the United States, allowing international locations to remain open.

The Wall Street Journal reports [5] that both Bennigan's and Steak and Ale have filed for Chapter 7 bankruptcy and have shut down. According to the news report, they are not expected to reopen...




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