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Three Well-Known Chains Declare Chapter 11 Bankruptcy

Written by The Ashton Report

The brutal hypercompetitive environment, the bleeding of casual-dining traffic, especially at concepts tied to shopping malls, and the tendency of investment firms to load up their chains with debt are behind three more mid-tier restaurant chains declaring bankruptcy last week. All filed for Chapter 11, which allows them to reorganize. –Venerable small-burger concept The Krystal…

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