Champps posts losses prior to buyout by Fox & Hound

LITTLETON Colo. Champps Entertainment Inc., which is selling its 61 sports and entertainment restaurants, narrowed the gap on its net loss for the fourth quarter, but still finished its fiscal year with a larger loss than a year earlier. The company blamed the loss on falling sales and climbing costs.

Champps is expected to close Oct. 1 on a deal to sell its Champps Americana chain for almost $75 million, or $5.60 per share, to F&H Acquisition Corp., the

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