Hamburger Hamlet Files for Chapter 11

From Bloomberg News

Prandium Inc.'s Hamburger Hamlet restaurants joined the company's Chi-Chi's and Koo Koo Roo specialty restaurant chains in filing for bankruptcy protection, less than two years after the parent company completed a reorganization.

Hamlet Group Inc., the operator of 14 Hamburger Hamlet restaurants, most in California, filed Chapter 11 papers in Wilmington, Del., listing $50 million in assets and in debts.

Prandium, which hasn't joined its units in filing for bankruptcy protection, said in an August report to the Securities and Exchange Commission that slumping sales hurt its businesses and that the bankruptcy reorganization completed last year didn't address problems with the subsidiaries.

From Bloomberg News

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