Village Inn, Bakers Square parent files for bankruptcy

DENVER Vicorp Restaurants Inc., parent of the venerable Village Inn and Bakers Square family-dining brands, said Thursday that it has filed for Chapter 11 protection from its creditors and has closed 56 underperforming restaurants across the country.

The privately held, Denver-based company said it would continue operating with the assistance of $60 million in financing from prepetition lenders. The operator and franchisor also is using its cash flow to maintain

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish