Steak and Ale
National restaurant chain Steak & Ale closed its doors on July 29, 2008, after its holding company, S&A Restaurants Corporation, filed for Chapter 7 bankruptcy protection. S&A was also the holding company for many Bennigan's restaurants, many of which also closed.1
Fast Facts
- Founded: 1966 in Plano, Texas2
- Restaurants owned by franchisees will not close3
- Holding company: S&A Restaurants Corporation4
- Parent company: Metromedia Restaurant Group5
- Other restaurants owned by company: Bennigan's, Ponderosa, Bonanza4
- Bonanza and Ponderosa remaining open4
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