Bertucci's Restaurant Chain Hits Ch. 11 With Sale Worth $20M

Law360 (April 16, 2018, 8:16 PM EDT) -- Massachusetts-based Italian food chain Bertucci’s filed for Chapter 11 bankruptcy in Delaware on Sunday to facilitate a sale of the company worth about $20 million and close down several of its restaurant locations along the East Coast.

Following seven years of declining annual revenues, Bertucci’s Holdings Inc. will be modified and sold through the Chapter 11 process, the company announced, noting that an affiliate of Chicago private investment firm Right Lane Capital LLC has come in as the stalking horse bidder for its assets and certain...
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