Chain Files for Bankruptcy, Considers Changing Name to Red Angus

Another casual dining chain looks like it may bite the dust.

ARG Enterprises, Inc. – which operates sixty-nine Black Angus Steakhouse restaurants in the Western US – filed for bankruptcy protection as it seeks a buyer.

An ARG exec said the chain is predominantly located in areas that have been hard hit by the mortgage crisis and consumers have been forced to cut back on "discretionary spending" – like the $15 Filet Mignon Sandwich or the $9 side of Fire-Grilled Artichoke.