Bertucci’s
Bertucci’s is a casual Italian restaurant chain that applied for Chapter 11 bankruptcy protection in the spring of 2018. It shut down about 15 locations in April. The company used to have 59 joints in 10 states. Earl Enterprises acquired the company for $20 million. The new owner also has stakes on Earl of Sandwich, Planet Hollywood, and Buca di Beppo. According to Biz Journals, the deal was divided into $13 million debt, $3 million cash, and $4 million credit. Apparently, Bertucci’s struggled with competitors.
Bertucci’s
Gymboree
CNBC said that the children’s clothing company filed for Chapter 11 bankruptcy protection in January 2019. The company said that it would stop the operation of all Crazy 8 stores and 800 Gymboree stores. In March, the company announced changes brought on by the acquisition of Gymboree and Crazy 8 by Children’s Place. The Gap, meanwhile, bought customer data, the website, and the intellectual property of Janie and Jack. This is one of the children-centric brands under the Gymboree brand.
Gymboree
