Buffets Inc., the parent of the HomeTown Buffet, Old Country Buffet, Ryan’s and Fire Mountain brands, said Friday it was exploring strategic alternatives, including a possible sale. The Eagan, Minn.-based company said it has retained Moelis & Company as its advisory firm to conduct a review of the alternatives. In a statement Friday, Buffets noted that it “maintains a positive outlook for its performance as a stand-alone entity.” The move by Buffets, which operates more ...

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