Bertucci’s files for Chapter 11 bankruptcy protection, closes restaurants

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Hooters CEO SAL MELILLI joins Fox & Friends to discuss the plans to return the brand to its roots as a “Restaurant Restaurant.”

Italian restaurant network Bertucci completes more places before filing a claim Bankruptcy again to alleviate losses.

Massachusetts-based business, which has places along the east coast, is best known for his brick pizza and pasta, which is in Florida chapter 11. It marked the third bankruptcy of the chain from 2018.

Bervechi also closed seven of his underpayers, five in Massachusetts, one, Rhode Island and one In MarylandA number of it now operates on 15 restaurants of six states, according to court documents.

Restaurant Network Bertucci files for bankruptcy protection

Italian restaurant network Bertucci has submitted bankruptcy for the third time since 2018. It also has seven restaurants shut down to alleviate losses according to the April 24 bankruptcy application. (WFTT)

Company cited “deterioration” US Economy And “the lack of consumer for the random-dishes” as causes, as the restaurant network operates in case of damage.

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“With the accumulated losses, inflationary pressures are still high, and the chapters of the industry, which collide, fell into the face final straw. [Bertucci’s] This year, because the world saw that food expenses grow, the consumer costs are slow, and the uncertain global economy falls into a decline (and out). As stated in bankruptcy documents.

According to Bertucci’s assets and liabilities for $ 10 million and $ 50 million, according to the application.

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The chain of the restaurant hopes that the bankruptcy will provide “breathing charm”, so it can “determine the best way forward and shape a general reorganization program”.

In April 2018Bertucci’s “In Chapter 11 of Bankruptcy” and closed 15 restaurants. In December 2022, under which the challenges caused Covid-19 constitute As, as well as the presentation, such as the closure of restaurants and inflation, bankruptcy was announced for the second time and 23 places.