Owner of Ponderosa, Bonanza Steakhouse brands files for Chapter...

Full story: Chicago Tribune

Metromedia Steakhouses Co. L.P., based in Plano, Texas , said it filed voluntarily under Chapter 11, which allows a company to restructure and stay in operation.

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Going Away

Korea

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#23
Oct 22, 2008
 
The high end steakhouses are going to fall as well. People already downgrading their order when they go (if you consider a $28 steak a "downgrade" from $42) and the fancy wine isn't flowing either.

A few will be gone in a year or two, especially given the high sales tax downtown.
reader

Austin, TX

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#25
Oct 22, 2008
 
The food was inedible
brian matlock

Paige, TX

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#26
Aug 10, 2012
 
Well I liked there food.
Now about what is going on in our world.
Well since jobs are slowly desapearring
An wages are on the decline.
I have an ideal why don't congress pass
a bill to lower there wages that cut down the debt.!

Since: Mar 08

Location hidden

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#27
Aug 12, 2012
 
Bankruptcy of a restaurant chain? It's a sign of the times. With the food tax in Hampton, I don't see how any restaurant stays in business.

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