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Bad management, new competition led to Sharky's bankruptcy

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Sharky's bankruptcy filing was brought on by bad management and the opening of two new restaurants nearby, managing owner John Golon told me today. Sharky's Gulf Grill LLC, the operator of the upscale seafood restaurant at 6201 Poplar Ave. in East Memphis, voluntarily filed for Chapter 11 protection with $954,067 in debts,  as I reported Thursday. Golon, also chief manager and part owner of Collierville-based Danver's, said mismanagement contributed to the debts, as well as the opening of… Reported by bizjournals 41 minutes ago.

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