Bertucci's Out of Dough: Italian Chain Files for Bankruptcy
BOSTON (AP) — Italian casual dining chain Bertucci's has filed for Chapter 11 bankruptcy protection and closed 15 restaurants.
The Northborough, Massachusetts-based chain said Monday it made the move to prepare for the future.
"Today's filing is expected to be seamless for Bertucci's guests, trading partners and vendors, and result in minimal disruption to its operations, allowing us to strengthen the company's financial structure and position it for significant future growth," said Brian Wright, Bertucci’s CEO, in a statement.
Fifty-nine locations in 10 states and Washington remain open. The chain has three locations in New Hampshire in Salem, Manchester and Nashua.
Bertucci's said it had reached a tentative deal to sell its assets to Chicago-based Right Lane Dough Acquisitions LLC for nearly $20 million.
One of the locations closing is in Taunton, Massachusetts, where in May 2016 a man with a knife fatally stabbed teacher George Heath as he came to the aid of a pregnant waitress. In his honor, Bertucci's put a plaque on Heath's favorite barstool. His widow, Rosemary, tells The Taunton Daily Gazette that Bertucci's has given her the stool.
People on social media are losing their minds after news broke that Bertucci's will close their doors.
Bertucci’s just filed for bankruptcy. This could be the worst day of my life #SaveTheBreadRolls— Megan Cooke (@MeganCooke7) April 14, 2018
BERTUCCI'S MIGHT BE BANKRUPT AND I NEED A MINUTE BECAUSE MY HEART— Jess Hughes (@jesshughes06) April 15, 2018
i believe strongly that eating the raw dough they give to kids at bertucci’s is directly related to my depression— the only redeemable братан (@wholesome_gal) April 16, 2018
brb stockpiling Bertucci's rolls.— Jen Petro-Roy (@jpetroroy) April 17, 2018
Some even called it a childhood staple fondly remembering playing with raw dough while waiting for food.
Bertucci's is such a childhood staple. From the pizza dough you get to play with while you wait to be served, to the rolls, to the pizza...everything is so good— Ethan Hammerman (@Ethanhamm) April 16, 2018
Don't close please