PLANO Texas Metromedia Steakhouses Co. LP, parent of the Ponderosa and Bonanza Steakhouse brands, said it has filed for Chapter 11 bankruptcy protection. The company said in a statement that it would continue operating and planned to reorganize around franchised stores and "a profitable core" of company restaurants. Metromedia Steakhouses' franchising subsidiaries — Ponderosa Franchising Co., Ponderosa International Development Inc. and Bonanza Restaurant Co. — were not included in ...
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Contact: Desiree Torres Desiree.Torres@penton.com