Owner of Joe's Crab Shack chain files for bankruptcy
June 06, 2017 at 13:17 PM EDT
WILMINGTON, Del., June 6 (Reuters) - The owner of the Joe's Crab Shack casual dining chain filed for Chapter 11 bankruptcy on Tuesday amid falling sales, and plans to sell the company for at least $50 million to a private equity firm, according to a court filing.
