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

The Italian restaurant chain Bertucci closes more sites after offering bankruptcy again to relieve losses.

The Massachusetts -based actions, which have sites along the eastern coast, are known for the oven and pasta pizza, in Chapter 11, bankruptcy in Florida last week. It has been the third bankruptcy of the series since 2018.

Bertuchi closed seven of its weak sites – five in Massachusetts, one in Rod Island and one in Maryland. It now runs 15 locations restaurant in six states, according to court documents.

Bartucci Restaurant Series for Wipt Protection

The Italian restaurant chain Bertucci applied for bankruptcy for the third time since 2018. Seven restaurants have closed to alleviate the losses, according to the bankruptcy report on April 24. (Wfxt)

The company referred to the “deterioration” of the American economy and “the absence of a request for consumers on old informal brands” as reasons that the restaurants chain is confused, according to the file.

Fast food chain closes up to 200 “non -author” sites

“With the accumulated losses, inflationary pressures are still high, and a opposite spirit in this field, the final straw has fallen [Bertucci’s] This year, the world has witnessed that the costs of food rises, slow -up consumer spending, and unconfirmed global economy decreased (and out) from decline, “as it is mentioned in bankruptcy documents.

BERTUCCI has assets and opponents ranging from $ 10 million and $ 50 million, according to the deposit.

TGI fingerprint on Friday has decreased to 85 restaurants throughout the country

The restaurant chain hopes to provide business bankruptcy “breathing talisman” so that you can determine the best path forward and formulate a comprehensive reorganization plan, “he said in the deposit.

In April 2018, BERTUCCI applied to protect from bankruptcy in Chapter 11 and closed 15 restaurants. In December 2022, amid the challenges caused by the Covid-19s, such as the closure of restaurants and inflation, it declared bankruptcy for the second time and simplifying the operations to 23 sites, according to the submission of the deposit.

Bertucci has previously submitted bankruptcy in 2018 and 2022. (Wfxt)

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Bartucci did not respond to the Fox Business request for comment.