Brennan's to reopen in New Orleans after bankruptcy sale - KNOE 8 News; KNOE-TV; KNOE.com |

Brennan's to reopen in New Orleans after bankruptcy sale

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NEW ORLEANS (AP) - The pink Royal Street building, closed since last summer and stripped of its name shortly thereafter, will once again be called Brennan's.

A bankruptcy judge overseeing the liquidation of Brennan's Inc. on Wednesday approved the sale of the former restaurant's trade name and other assets - including recipes - to an investment group that includes prominent New Orleans restaurateur Ralph Brennan.

Judge Jerry A. Brown accepted a $3 million offer for the assets from 417 Royal Street LLC, the same group that purchased the Brennan's building at a foreclosure auction last year.

In December, a group of creditors forced Brennan's Inc., the company that until last summer operated the restaurant, into Chapter 7 bankruptcy to collect on claims of more than $60,000.

 

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