Bertucci's has filed for bankruptcy. But what does that actually mean? Locations By State | Brick Oven Pizza | Bertuccis.com 20180416PR | Bertucci's Italian Restaurant - Bertuccis.com BANKRUPTCY DATA FREE TRIAL - BankruptcyData.com Bertucci's files for bankruptcy, to close 15 restaurants immediately

Locations By State | Brick Oven Pizza | Bertuccis.com

Edition U.S. Woman Carrying Flowers Struck, Killed Outside Norwood Hospital An elderly woman was hit and killed while crossing the street outside of Norwood Hospital, apparently on her way to visit a patient. Follow him on Twitter  @JeffSGoldman . Bertucci’s began as a humble brick-oven pizza shop in Somerville’s Davis Square in the 1980s. Wright has said the chain needs to have “everyday value” — in other words, speed and convenience.

20180416PR | Bertucci's Italian Restaurant - Bertuccis.com

We remain focused on our team & guests, making from-scratch pizzas and rolls as we have since 1981. Despite the cost-cutting efforts, Mr. The company has 969 full-time employees and 3,245 part-time employees. MassLive.com reports Bertucci’s is closing locations in Taunton, Randolph, Wayland, Amherst, Longmeadow and West Springfield. Unleashed Dog Attacks, Kills Smaller Dog In Framingham Park A black lab mix attacked and killed a Shih Tzu at the only off-leash dog park in Framingham.

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Franklin St. Newbury St. County Line Rd. We’re grateful for the support of team members & guests. Connell said in court papers the restaurant’s sales have been falling since 2011, and a forbearance agreement with lenders expired earlier this year. The company said Brian Wright will stay on as chief executive, and Mr. In May 2016 at the now-shuttered Bertucci’s in Taunton,  a man with a knife fatally stabbed teacher George Heath as he came to the aid of a pregnant waitress.

Bertucci's files for bankruptcy, to close 15 restaurants immediately

However, according to Sunday’s filing, Bertucci’s owed nearly $120 million in debt obligations. According to Smith, the company plans to launch a new lunch menu in May focusing on salads and sandwiches served on a variety of homemade bread, piadas, and wraps. Cambridge Park Dr. VFW Parkway W. Horizon Blvd. According to the court filing, Bertucci’s expects to immediately reject 29 leases, though it’s unclear if those included locations that had closed already.

Bertucci's files for bankruptcy, closes several Philly-area locations

Bertucci’s, the Italian restaurant chain that has among the most addictive bread rolls in all the land, filed for bankruptcy Monday with a reported $119 million of debt.

In his honor, Bertucci’s put a plaque on Heath’s favorite barstool. Cardi B Performing For UMass Amherst Students After School Wins Contest Rapper Cardi B is coming to UMass Amherst Wednesday night. According to court filings, a Chicago-based investment firm has agreed to buy Bertucci’s in an auction out of bankruptcy court. But the lunch menu will also still include Bertucci’s staples, on which the chain is doubling down.

Restaurant Chain Bertucci's Files for Bankruptcy

Massachusetts-based pizza chain Bertucci’s has filed for chapter 11 bankruptcy protection and plans to sell its business in a deal valued at roughly $20 million.

Traditional casual-dining chains in the U.S. have struggled in recent years as consumers’ dining habits have shifted toward restaurants perceived as offering healthier alternatives. A Bertucci’s representative couldn’t be reached for immediate comment. Copyright 2018 CBS Broadcasting Inc. CBS Broadcasting Inc. The Bertucci’s location in Boston’s Kenmore Square also closed last month . The Longfellow Bridge is reopening next month.

Bertucci's Files For Bankruptcy, Closes Several Massachusetts Locations

Italian casual dining chain Bertucci's has filed for Chapter 11 bankruptcy protection and closed 15 restaurants.

Post Rd. An Exec. As part of the filing in the U.S. The law firms Landis Rath & Cobb LLP and Schulte Roth & Zabel LLP are handling Bertucci’s chapter 11 bankruptcy. All Rights Reserved. Bertucci's is filing for Chapter 11 bankruptcy protection on Monday, April 16, 2018. In court papers, the company said that Right Lane plans to offer jobs to “substantially all” of Bertucci’s 4,215 employees upon the closing of the sale.

Bertucci's Out of Dough: Italian Chain Files for Bankruptcy

Today, we announced a restructuring to strengthen our company long-term, though it will have an immediate impact with the closing of 15 locations. W. Main St. Washington St. S. Willow St. Bertucci’s, the Italian restaurant chain that has among the most addictive bread rolls in all the land, filed for bankruptcy Monday with a reported $119 million of debt. April 16, 2018 12:55 p.m. Right Lane’s offer includes $1.7 million cash, a credit in the amount of whatever bankruptcy financing is outstanding at closing, and $14 million in new second-lien debt.

Bankrupt Bertucci's closes six Massachusetts restaurants

Bertucci’s is owned by Levine Leichtman Capital Partners, a Los Angeles-based private-equity firm that last year bought Round Table Pizza on the West Coast. Want a 20% Business Deduction? Year-Old Boy Stabbed In Plymouth Home A 12-year-old boy is recovering after he was stabbed in a home in Plymouth Wednesday morning. Known for its brick-oven pizzas and other Italian dishes, Bertucci is about $119 million in debt, according to a federal court filing in Delaware.

Another Restaurant Bankruptcy: Bertucci's Runs Out Of Dough

Monday the company announced on Twitter the closure of 15 locations immediately as part of the restructuring. The chain’s 59 restaurants are open for business but the company plans to reject 29 money-losing leases and hasn’t ruled out closing some locations, according to court papers. The restaurant chain has about $119 million in debt, a court filing shows. Opinion: So Long, California. West Bridgewater Police Stop 126 Distracted Drivers In 3 Hours Police in West Bridgewater stopped 126 distracted drivers in just three hours on Tuesday.

Bertucci's the latest restaurant chain to declare bankruptcy

Mystic Valley Pkwy. Nixon Dr. Today, we announced a restructuring to strengthen our company long-term, though it will have an immediate impact with the closing of 15 locations. The company hired Hilco Real Estate LLC in January to review its leases and negotiate better terms. The first Bertucci’s opened in Somerville, Mass., in 1981. The Wall Street Journal U.S. Men Arrested After Shots Fired At Officers, Police Chase Two men are under arrest after shots were fired at police officers during a chase from Massachusetts into New Hampshire.