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Top restaurant dishes up debts along with fine dining

New York's famed Le Cirque closing on Jan 5 after expenses outstrip income; company filed for bankruptcy to protect other outlets

"This is a combination of normal/perpetual rising New York expenses, plus a tired restaurant with top-tier management whose eyes might be off the ball." Alex Stupak, chef and co-owner of the nearby Empellon Midtown

ON Jan 5, Le Cirque will close its doors at 151 East 58th Street in New York.

After declaring bankruptcy in March, the restaurant's inability to turn its finances around has come as something of a shock to many in the food world. As recently as September, it was the setting for a...

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