Vicorp sells chains out of bankruptcy

Vicorp sells chains out of bankruptcy

DENVER The Village Inn and Bakers Square restaurant chains were sold out of bankruptcy to a new owner, American Blue Ribbon Holdings LLC, almost a full year after its former parent company, Vicorp Inc., filed for Chapter 11.

American Blue Ribbon purchased Vicorp’s assets and debts in a deal estimated at $55 million. The sale closed Friday and documents from the U.S. Bankruptcy Court in Delaware show that American Blue Ribbon was to pay $11 million to the debtor

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