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Joe’s Crab Shack owner preparing for bankruptcy filing

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Ignite Restaurant Group Inc., the operator of the Joe’s Crab Shack, is preparing to file for bankruptcy, people familiar with the matter told Bloomberg.

The company announced last month it was exploring options, including a possible sale.

In its most recent quarter, Ignite reported that comparable-restaurant revenue fell by 6.8 percent.

Read more from Bloomberg.





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