VICORP Restaurants Inc. has sold its assets to American Blue Ribbon Holdings LLC (ABR), a new entity formed by Fidelity National Financial Inc. and Newport Global Advisors. ABR now will own and operate the Village Inn and Bakers Square restaurant brands, as well as the VICOM pie operation.
“We are extremely pleased about the sale of VICORP to these two well known and successful companies. Completing this deal in the midst of such a difficult financial and credit environment is a remarkable achievement and a testament to the strength of our brands,” said Hazem Ouf, VICORP president and C.E.O.