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Old Country Buffet files for bankruptcy before closing restaurants

The Eagan-based company filed for Chapter 11 and plans to close 81 of its 494 restaurants. The Business Journal reports this is the second time in four years the Old Country Buffet has filed for reorganization. In 2008, the Minnesota company laid off 2,300 employees and closed 51 restaurants. A spokesman says the company will announce which locations are closing within the next week.
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The Eagan-based company filed for Chapter 11 and plans to close 81 of its 494 restaurants. The Business Journal reports this is the second time in four years the Old Country Buffet has filed for reorganization. In 2008, the Minnesota company laid off 2,300 employees and closed 51 restaurants. A spokesman says the company will announce which locations are closing within the next week.

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