The Monte Cristo, still delicious

So, Bennigan's Lives? Steak & Ale Too? Good Luck With All That.

Three months after Plano-based Metromedia Restaurant Group shuttered most of its Bennigan's locations in the middle of the night comes word that the franchise will soldier on under new ownership. New York City- and Atlanta-based Atalaya Capital Management issued a release this morning saying that the U.S. Bankruptcy Court for the Eastern District of Texas in Sherman has approved its acquisition of Bennigan's Franchising Company -- "including the company's equity, trademarks and other assets, including the Tavern and Steak & Ale brands," which should make Norm Brinker happy, if nothing else.

The deal's expected to close by Halloween, after which time Atalaya says it will "re-open up to 60 previously closed company-owned restaurants as well as open new franchisee-owned locations both domestically and internationally." In case you missed your Monte Cristo. --Robert Wilonsky

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


All-access pass to the top stories, events and offers around town.

  • Top Stories


All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >