Friday, October 16, 2009
Plano-based Metromedia Steakhouses Company emerges from Chapter 11, renamed Homestyle Dining LLC
Metromedia Steakhouses is the owner of Ponderosa and Bonanza.
PLANO Metromedia Steakhouses Company, L.P. and certain of its affiliates, which operate a chain of restaurants under the Ponderosa Steakhouse and Bonanza Steakhouse brands, announced today that they had emerged from Chapter 11 on October 14, 2009.
MSC also announced that it had changed its name to “Homestyle Dining LLC” as part of its reorganization around a core of company-operated restaurants and franchise operations.
“We are quite pleased to have emerged from chapter 11 as a stronger, more financially stable company,” said Bob Hoffman, president of Homestyle Dining LLC. “Our management has streamlined the company’s operations and created a strong foundation upon which to improve our future performance, both domestically and internationally. We would especially like to thank our many loyal employees, guests and vendors, as well as our Ponderosa and Bonanza franchisees, for all of their unwavering support in helping us to achieve this exciting milestone. With the support of all of our team members and franchisees, we now look forward to focusing all of our efforts on our core mission of providing a casual, affordable dining experience with the great tasting, high quality steaks, and buffet foods for which Ponderosa and Bonanza restaurants are well-known.”
Hoffman continued, “Given the challenging economic conditions currently facing many of the communities in which we operate, we strongly believe, now more than ever, that consumers want big value for the money and that’s what our dining experience offers. We go to great lengths to provide tender, juicy steaks, chicken, and seafood along with an abundant buffet that offer variety and 'freedom of choice,' so that there’s something for guests of all ages and walks of life.”
Source: Metromedia Steakhouses