Black Angus Steakhouse Operator's Chapter 11

It wasn’t too long ago that we heard Black Angus was ridding of some of their lunch options in order to save operating costs. As of January 15th though, ARG Enterprises Inc., the operator of 69 Black Angus locations in seven western U.S. states sought bankruptcy. Black Angus was founded in Seattle back in 1964 and employs over 3,600 people. The future of Black Angus is unsure, though some undisclosed parties have indicated an interest in ARG’s remaining assets. We will bring more news regarding Black Angus Steakhouse as it becomes available to us. (Thx Bloomberg)