Metromedia Steakhouses exits Ch. 11

PLANO Texas Metromedia Steakhouses Co., parent to the Ponderosa and Bonanza Steakhouse brands, emerged this week from its year-old Chapter 11 bankruptcy proceedings under a new banner, Homestyle Dining LLC.

Bob Hoffman, who remains as president of Homestyle Dining LLC, said the company streamlined its operations while in bankruptcy court, reorganizing around “a profitable core” of 256 company-owned and franchised restaurants.

“We believe the future is brigh

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