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Bennigan's CEO and his wife, Paul and Gwen Mangiamele, this week bought the casual dining chain, renamed its parent company to Legendary Restaurant Brands, and will bring back the storied Steak and Ale to boot—“of which there are zero today,” Paul said.

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Paul Mangiamele has guided one of the most unlikely comebacks in the restaurant business, leading Bennigan's back to unit growth just five yea…