More Chain Closures And Bankruptcies: HopCat, UK’s Frankie & Benny’s And Travelodge, Luby’s Sale

Many chains continue to go into various forms of receivership, on both sides of the Pond:   –Grand Rapids, Mich.-based Barfly Ventures, owner of 11 HopCat brewpubs and three other restaurants, filed for Chapter 11 bankruptcy early last week. Owner and CEO Mark Sellers told a committee of the Michigan House of Representatives that “It’s…