In a bankruptcy court filing this week, Buffets Inc. disclosed that it would hold a confirmation hearing June 13 for its plan to emerge from Chapter 11 bankruptcy protection, which would require the company to close more units as it tries to rebuild traffic. Buffets said lower guest traffic from the lingering economic downturn depressed sales and limited the company’s ability to meet its debt obligations. At the time of its Jan. 18 Chapter 11 filing, the Eagan, Minn.-based company had ...
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Contact: Desiree Torres Desiree.Torres@penton.com