Architects and interior designers are among those who will benefit from this new compilation. Hotel & Restaurant Design 3 showcases the most current, inspirational design solutions gathered from ...
Buffets Holdings Inc. said it has received court approval for its reorganization plans and expects to soon emerge from Chapter 11 bankruptcy. Buffets, which operates 536 restaurants operating under the Old Country Buffet, Country Buffet, Hometown Buffet, Ryan's and Fire Mountain Grill and Tahoe Joe's brands, filed for bankruptcy in January. The company had struggled with double whammy: decreasing sales and a large debt burden from its $876 million acquisition of the Ryan's chain in 2006.
Buffets has received commitments totaling $117.5 million in new first lien exit financing from various lenders, which will enable the company to satisfy its Chapter 11 plan obligations and provide working capital for ongoing operations. In addition, $139.8 million in second lien rollover financing remains from pre-petition lenders.
In addition, Nation's Restaurant News reports that Buffets plans to debut a new prototype for its Old Country Buffet chain in Colorado Springs, Colo., this summer. The new design, by Minneapolis-based Cunningham Group Architecture, will include a display grill, an exhibition-style cooking station and a market-themed interior.
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