Buffets Holdings files for bankruptcy

EAGAN Minn. Buffets Holdings Inc., operator of five buffet or steakhouse chains, has filed for Chapter 11 bankruptcy protection

The company, owned by private-equity firm Caxton-Iseman Capital LLC of New York, said in a statement that it plans to keep all 626 restaurants within its 39-state system open during a financial reorganization. Its brands are Old Country Buffet, HomeTown Buffet, Ryan’s, Fire Mountain and Tahoe Joe’s Famous Steakhouse. Sixteen

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