Bennigan's, Steak & Ale latest victims of slowing economy
According to the Associated Press, Bennigan's and Steak & Ale corporate stores will be closed & assets liquidated. Franchisee stores will not be affected. Some analysts wonder why the filing was Chapter 7 (asset liquidation) instead of Chapter 11 (reorganization).
Over the years I've enjoyed eating at both. There was one place in Oklahoma City where the two were next door to each other. All of the Bennigan's closed a few months ago. Steak & Ale had an awesome salad bar and consistent steaks. It's a sad day.