Granite City Food & Brewery: Granite City Food & Brewery files Ch. 11, seeks sale

Granite City Food & Brewery on Tuesday announced it has filed for Chapter 11 bankruptcy protection as the Twin Cities-based restaurant chain arranges a deal to sell itself. Granite City's board of directors aims to use the Chapter 11 process to restructure and sell the company, according to a statement. It's seeking approval from United States Bankruptcy Court in Minnesota for a sale to KRG Granite Acquisition for $7.5 million plus liabilities. Representatives of KRG Granite Acquisition couldn't...