Cookie Monster

Mrs. Fields cookie chain will be filing for Chapter 11 bankruptcy protection. The Wall Street Journal said the company, has struggled with its debt and has racked up losses in recent months. The famous cookie place posted a net loss of about $10.7 million for the quarter ended June 28.

The protection plan Mrs. Fields will enter into will allow the co. to repay its creditors and exit from bankruptcy.
Sounds like we may be seeing a mass closing of Mrs. Fields locations, they are in malls everywhere, guess a lot have to shut down! Too bad, their treats were so yummy! Guess that's just the way the cookie crumbles!

Bennigan's Chain Closes Nationwide

Company owned Bennigan's Restaurants are closing down nationwide. Independently owned franchises will remain open.

Bennigan's spokeswoman Leah Templeton said Bennigan's and Steak and Ale restaurants – both of which are owned by Plano, Texas-based Metromedia Restaurant Group – have filed for bankruptcy, along with the holding company S&A Restaurant Corp.

Not all stores bearing the Bennigan's name have filed for bankruptcy, Templeton said. Independently owned franchise locations are not named as debtors in the bankruptcy claim and are not affected.

Sources say that restaurant manager's were suddenly notified at midnight of the closing and told not to open the next day.

The Bennigan's website has not made any indication of the closing, still advertising the Jameson barbecue menu and other specials.