Iconic 115-year-old restaurant files Chapter 11 bankruptcy

Seafood has always been a challenging restaurant model, simply because fish, shrimp, lobster, and other seafood can be sourced only from limited places. It's also an expensive restaurant to operate, since the seafood itself can't be purchased cheaply, and shipping it comes with its own costs and challenges. Restaurant prices have been increasing overall, but rising costs for restaurants have forced many to pass on price increases to consumers. "The rise in prices is particularly prevalent in seafood. Tec ...