This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Italian restaurant chain recordsdata for chapter once more, closes places
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Markets > Italian restaurant chain recordsdata for chapter once more, closes places
Markets

Italian restaurant chain recordsdata for chapter once more, closes places

Editorial Board Published April 30, 2025
Share
Italian restaurant chain recordsdata for chapter once more, closes places
SHARE

Hooters CEO Sal Melilli joins ‘Fox & Associates’ to debate plans to return the model to its roots as a ‘neighborhood restaurant.’

Italian restaurant chain Bertucci’s is closing extra places after submitting for chapter once more to mitigate losses.

The Massachusetts-based enterprise, which has places alongside the East Coast and is finest identified for its brick oven pizza and pasta, filed for Chapter 11 chapter safety in Florida final week. It marked the chain’s third chapter since 2018.

Bertucci’s additionally closed seven of its underperforming places – 5 in Massachusetts, one in Rhode Island and one in Maryland. It now operates 15 restaurant places in six states, in accordance with courtroom paperwork.

RESTAURANT CHAIN BERTUCCI’S FILES FOR BANKRUPTCY PROTECTION

Italian restaurant chain Bertucci’s has filed for chapter for the third time since 2018. It has additionally closed seven eating places to mitigate losses, in accordance with an April 24 chapter submitting. (WFXT)

The corporate cited the “deterioration” of the U.S. economic system and “lack of consumer demand for legacy casual-dining brands” as the explanation why the restaurant chain has been working at a loss, in accordance with the submitting.

FAST-FOOD CHAIN CLOSING UP TO 200 ‘UNDERPERFORMING’ LOCATIONS

“With losses accumulating, inflationary pressures still high, and industry headwinds gusting, the proverbial final straw fell on [Bertucci’s] this year as the world saw food costs soar, consumer spending slow, and an uncertain global economy falling in (and out) of decline,” as said within the chapter paperwork.

Bertucci’s has belongings and liabilities between $10 million and $50 million, in accordance with the submitting.

TGI FRIDAYS’ US FOOTPRINT HAS SHRUNK TO 85 RESTAURANTS ACROSS THE COUNTRY

The restaurant chain hopes chapter will present the enterprise with a “breathing spell” so it will probably “determine the best path forward and formulate an overall reorganizational plan,” it stated within the submitting.

In April 2018, Bertucci’s filed for Chapter 11 chapter safety and closed 15 eating places. In December 2022, amid challenges attributable to the COVID-19 pandemic just like the closure of eating places and inflation, it declared chapter for a second time and streamlined operations all the way down to 23 places, in accordance with the submitting.

Italian restaurant chain Bertucci’s has filed for bankruptcy for the third time since 2018. It has also closed seven restaurants to mitigate losses, according to an April 24 bankruptcy filing.

Bertucci’s beforehand filed for chapter in 2018 and 2022. (WFXT)

CLICK HERE TO GET THE FOX NEWS APP 

Bertucci’s didn’t reply to FOX Enterprise’ request for remark.

TAGGED:bankruptcychainclosesfilesItalianlocationsrestaurant
Share This Article
Twitter Email Copy Link Print
Previous Article Airyn De Niro, Daughter of Robert De Niro, Comes Out as Trans Airyn De Niro, Daughter of Robert De Niro, Comes Out as Trans
Next Article King Charles opens up about most cancers: “An experience that brings into sharp focus the very best of humanity” King Charles opens up about most cancers: “An experience that brings into sharp focus the very best of humanity”

Editor's Pick

Emman Atienza Reason for Demise: Social Media Star Passes Away at 19

Emman Atienza Reason for Demise: Social Media Star Passes Away at 19

Studying Time: 2 minutes Beloved influencer Emman Atienza has been discovered lifeless in Los Angeles. She was simply 19 years…

By Editorial Board 2 Min Read
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion
The 2025 Denim Playbook: The Finest Denims and Manufacturers for Each Type | Fashion

We independently consider all advisable services. Any services or products put ahead…

6 Min Read
Santa Rosa police arrest suspects in Condor Membership supervisor’s killing
Santa Rosa police arrest suspects in Condor Membership supervisor’s killing

Santa Rosa police have arrested a person and lady from Dublin within…

2 Min Read

Oponion

Astronomer CEO and HR Chief Allegedly Caught In Affair By Coldplay Kiss Cam

Astronomer CEO and HR Chief Allegedly Caught In Affair By Coldplay Kiss Cam

Studying Time: 2 minutes We don’t know if we are…

July 17, 2025

The Intercourse Drive Eating regimen: 15 Scrumptious Meals That May Increase Your Libido

Let’s face it: who doesn’t desire…

January 15, 2025

Louis A. Simpson, Once Seen as Warren Buffett’s Successor, Dies at Age 85

Louis A. Simpson could hardly have…

January 18, 2022

NBA coaches Steve Kerr and JJ Redick say members of the family evacuated their houses amid Pacific Palisades wildfires

By George Ramsay and Kevin Dotson…

January 8, 2025

Chris Wallace leaving Fox News for `new adventure’

Veteran Fox News anchor Chris Wallace…

December 12, 2021

You Might Also Like

Trump pardon of the previous Binance CEO sparks unproven battle of curiosity allegations
Markets

Trump pardon of the previous Binance CEO sparks unproven battle of curiosity allegations

Commodity Futures Buying and selling Fee Appearing Chair Caroline Pham discusses the ‘crypto sprint’ initiative, how regulation might strengthen U.S.…

6 Min Read
Fox Corp hits promoting income document in first quarter
Markets

Fox Corp hits promoting income document in first quarter

Burger King and Tim Hortons gross sales up on resilient site visitors; Kimberly-Clark revenue falls; Report: Shops providing extra reductions…

2 Min Read
Ex-trader recordsdata 0M lawsuit towards UBS over Libor manipulation scandal
Markets

Ex-trader recordsdata $400M lawsuit towards UBS over Libor manipulation scandal

Market Insurrection co-founder Jon Najarian explains what brought about vitality costs to rise, addresses whether or not he would purchase…

4 Min Read
Apple, Microsoft hit T milestone
Markets

Apple, Microsoft hit $4T milestone

Constellation Analysis founder R 'Ray' Wang analyzes Microsoft, Meta and Apple on 'Varney & Co.' Apple and Microsoft joined Nvidia…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?