DENVER—The bankrupt parent company of Village Inn and Bakers Square Restaurant and Pies has been acquired by a new entity made up of a title-insurance provider and an investment adviser.
Denver-based Vicorp Restaurants Inc. announced Monday that it had sold its assets to American Blue Ribbon Holdings LLC, formed by Fidelity National Financial Inc. of Jacksonville, Fla., and Newport Global Advisors of The Woodlands, Texas.
The new company will be based in Denver.
Vicorp filed for Chapter 11 bankruptcy protection in April 2008. Vicorp and franchise owners closed 132 restaurants.
There are now 177 company-owned restaurants and 90 franchised eateries operating as Village Inn and Bakers Square. American Blue Ribbon Holdings also now owns the Vicom pie operation.
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