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PLANET HOLLYWOOD PULLING OUT OF TINSELTOWN

Los Angeles will soon be Planet Hollywood-less.

The celebrity restaurant chain is closing its only area eatery, saying city alcohol and promotion restrictions hinder business. That leaves only two California Planets, one in San Francisco and the other in San Diego.

The Beverly Hills restaurant will shut down in February, the company said Thursday.

"We will be announcing a new site within the coming months. We have a commitment to having a restaurant in the Los Angeles area," said Robert Earl, the company's chief executive.

The company complained that business suffered in Beverly Hills because of prohibitions on late-night liquor sales, a ban on tour buses and limits on a bold design planned for the exterior facade.

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