Ryan's parent company files bankruptcy, closes restaurants

Ryan's parent company files bankruptcy, closes restaurants

January 20th, 2012 by WRCB-TV Channel 3 in Local - Breaking News

Ryan's restaurant chain logo.

Photo by WRCB-TV Channel 3 /Times Free Press.

The parent company of the restaurant chain Ryan's, has filed for bankruptcy and announced the closure of many of its locations.

Buffets, Inc. announced this week it will enter Chapter 11 bankruptcy. As part of the restructuring, Buffets says they will close 81 "underperforming" locations throughout the country.

The company operates several restaurants in the Chattanooga area under its Ryan's brand.

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