Tuesday, July 7, 2009

Oceanaire files for Ch. 11, closes 4 units

MINNEAPOLIS (July 6, 2009) The Oceanaire Seafood Room's parent company has filed for Chapter 11 bankruptcy protection and shuttered four of its 16 locations, the company said Monday.
Restaurants in Philadelphia; Charlotte, N.C.; Cincinnati; and Seattle were closed as part of a pre-arranged bankruptcy filing, which the Minneapolis-based company said it expects to exit by the end of October. The twelve remaining Oceanaire Seafood Rooms remain open and are operating without disruption.

Read more:
http://www.nrn.com/article.aspx?id=369376

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