EAGAN Minn. Buffets Holdings Inc. said Friday it had received court approval for its reorganization plans and expects to soon emerge from its Chapter 11 bankruptcy proceedings. Buffets, the parent of 536 restaurants operating under the brands Old Country Buffet, Country Buffet, Hometown Buffet, Ryan’s and Fire Mountain Grill and Tahoe Joe’s, filed for Ch. 11 protection from creditors in January. It had struggled with decreasing sales and a large debt burden from the $876 million ...
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Contact: Desiree Torres Desiree.Torres@penton.com