Joe’s Crab Shack parent company reportedly considering bankruptcy

Houston-based Ignite Restaurant Group Inc. — the parent company for Joe’s Crab Shack and Brick House Tavern + Tap — is preparing to file for bankruptcy as soon as next week, unnamed sources told Bloomberg.
The potential bankruptcy comes as the company is working with Piper Jaffray on a sale for either Ignite’s entire business or separate sales of its two brands. Ignite also recently was delisted from the Nasdaq Stock Market and underwent some executive changes, as Jonathan Tibus replaced CEO…

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