Thursday, August 7, 2008

Franchisee Owned Restaurants Stay Open Despite Bennigan Chapter 7 Bankruptcy

Though about 150 corporate-owned Bennigan`s restaurants are closing because the company is out of money, the franchise's Chapter 7 bankruptcy filing is not expected to affect the retaurants owned by Franchisees, according to this article. In fact, the bankruptcy is "not expected to affect plans to open up one of the restaurants in Mandan next year." The restaurant should be open by next spring.