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Entries Tagged as 'Overdevelopment'

WSJ: Restaurants Facing “Rough Times” — Not In Seattle

May 17th, 2008 · 1 Comment · Overdevelopment

The Wall Street Journal reports on how the restaurant industry is in a pronounced slump.
Almost all segments are struggling. Some midpriced chains, including Ruby Tuesday Inc., are battling persistent same-store sales declines. Metromedia Restaurant Group, which owns Bennigan’s and Steak and Ale, recently hired a restructuring lawyer after it violated several agreements in its lending deal with […]

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