Bennigan's and Steak and Ale sudden closure (2008)
S&A Restaurant Corp., owner of Bennigan's and Steak and Ale, filed for Chapter 7 bankruptcy on July 29, 2008. About 150 company-owned restaurants closed the same day, and workers in some cities arrived to locked doors.
Thousands of employees lost jobs without notice. Franchised Bennigan's locations in some markets stayed open.
The collapse became the standard reference point for how fast a casual-dining brand can die when its owner runs out of cash.
O'Charley's is showing the same signature: staff told just before closing, no public announcement, and a brand going dark.
