Italian Restaurant Chain Bertucci's Files For Bankruptcy
BOSTON (CBS/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 position Bertucci's for future growth."
Fifty-nine locations in 10 states and Washington D.C. remain open.
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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.
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Bertucci's has several locations throughout the Delaware Valley, click here to find a location near you. No word if those locations are scheduled to close.
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