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Perkins operator files for bankruptcy

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The operator of the Perkins restaurant chain filed for Chapter 11 bankruptcy.

The filing marks the second in eight years for Perkins & Marie Callender’s Holding LLC.

Perkins Groups LLC is slated to be a "stalking horse" bidder next month to buy Perkins' assets.

Additionally, 32 underperforming restaurants will be closed.

Read more from Reuters.

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