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Vicorp Restaurants Sells Assets

The Associated Press

DENVER, Colo. (AP) — Vicorp Restaurants Inc., which filed for bankruptcy protection last year, said Monday it sold its assets to an entity formed by insurance provider Fidelity National Financial Inc. and investment manager Newport Global Advisors.

Privately owned Vicorp Restaurants Inc., which operates the Village Inn and Bakers Square chains, filed nearly a year ago for Chapter 11 bankruptcy protection, which lets a company reorganize and remain open.

Financial terms were undisclosed.

American Blue Ribbon Holdings, the unit formed to acquire the assets, will operate the company's restaurant brands as well as its VICOM pie operation.

The U.S. Bankruptcy Court in Wilmington, Del., approved the sale earlier this month.