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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!