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Restaurant Industry - Leading Indicator Of US Economy - Sours; As Bankruptcies Pile Up

Submitted by Wolf Richter via, “Very challenging” sales trends. On Friday, September 30, Restaurants Acquisitions, the operator of Black-eyed Pea and Dixie House restaurant chains, converted its Chapter 11 filing to Chapter 7 liquidation. The bankruptcy court order noted the company had shuttered its restaurants and management had resigned. The day before, Cosi Inc.
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