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Bennigan's and Steak & Ale: Back From the Dead?
Two months ago, we reported the end of restaurant chains Bennigan's and Steak & Ale. Well, we've just learned that they're coming back to life! Private equity firm Atalaya is buying the two brands and their trademarks.
Is Ruby Tuesday Blowing Its Campaign Out of Proportion?
Restaurant chain Ruby Tuesday announced its plans to destroy one of its locations next Tuesday in an explosion that will be broadcast live on its website. The explosion signals a new era for the chain, something the company has been trying to do with its slogan, "It's a brand new Tuesday."
The bomb will go off on Aug.
Say Goodbye to Bennigan's, Steak and Ale
For national chains Bennigan's and Steak and Ale, there is no pot o' gold at the end of the rainbow: The companies filed for bankruptcy protection and shut down all 292 corporate locations yesterday.
For the two bar and grill chains, the downhill slope has come steep and fast. In June, parent company Metromedia Restaurant Group asked lenders to restructure its debt, as earnings were lower than expected.
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Red Lobster Adding Wood Grills in Attempt to Revive Sales
Darden Restaurants announced that beginning next week, it will install wood-fired grills in all 680 Red Lobster restaurants.
The company has been testing the wood-grilled menu for over a year, and will train 3,500 employees on the grills. New items will be going on the menu, such as wood-grilled lobster, wood-grilled sirloin and shrimp, and wood-grilled fish.
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