Popular restaurant follows Red Lobster and files bankruptcy after 14 closures this year as retail bloodbath lingers ...Middle East

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Popular restaurant follows Red Lobster and files bankruptcy after 14 closures this year as retail bloodbath lingers
ANOTHER restaurant has fallen victim to current economic challenges as it files for bankruptcy. World of Beer joined Red Lobster and Buca di Beppo as it filed for bankruptcy. Facebook/World of BeerWorld of Beer has filed for bankruptcy[/caption] GettyIt follows fellow chains Red Lobster and Buca di Beppo in the filing[/caption] When it opened in 2007, the restaurant was a hit with beer connoisseurs but has since fallen from grace. Bosses cited ongoing macroeconomic factors, consumer pushback on pricing, debts to landlords and banks, litigation with two franchisees, and high interest rates as the reasons for the filing. In 2013, Paul Avery became CEO and president and introd

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