The Moose lives on

    86
    Advertisement

    The talking moose lives – at least in Christiana. CB Holding Corp.,  the  New Jersey-based owner of the  Bugaboo Creek Steak House in Christiana Delaware and the  moose that’s a hit with kids,    announced that the company and all of its subsidiaries have filed  for protection under Chapter 11 of the U.S. Bankruptcy Code in Wilmington.

    Delaware has become a center for bankruptcy filings by mid-sized  restaurant chains and business has been good.

    New Jersey-based  CB,   closed 47 restaurants,  a common  practice when a company goes into Chapter 11.

    Advertisement

    CB said it plans to sell of its 39  remaining restaurants, which mainly consist of Charlie Brown’s Steakhouse and Bugaboo Creek.

    The company blamed the economy for its problems, but the fickle nature of diners also played a part.  Bugaboo, at least when it comes to its Christiana restaurant, is solidly managed and has a decent menu. But a short distance away, Firebirds, with its more stylish  Colorado ski theme,  draws crowds who pay somewhat  higher prices. As or Charlie Brown’s, it may have been caught in a time warp with its salad bar.

    All 39 of the company’s  surviving restaurants are open for business as usual. All group and individual reservations and, subject to Bankruptcy Court approval, gift card redemptions at these locations are being honored as usual.
    The  company’s legal advisors are Cahill Gordon and Reindel LLP and Wilmington-based  Richards Layton & Finger P.A. of  Wilmington

    Advertisement
    Advertisement