FoodBrand stakeholder said to be facing bankruptcy

CHEVY CHASE Md. The majority stakeholder in FoodBrand LLC, the operator of some 80 big-brand restaurants in shopping malls, may be forced to seek bankruptcy protection because of financial mismanagement, according to securities filings.

Mills Corp., which owns 38 U.S. shopping malls in addition to its controlling stake in FoodBrand, agreed to sell its investment in the restaurant management company in the second quarter of fiscal 2006 and take a write-down of

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