Beloved Italian restaurant and Olive Garden rival quietly files for bankruptcy after abruptly closing 12 locations ...Middle East

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Beloved Italian restaurant and Olive Garden rival quietly files for bankruptcy after abruptly closing 12 locations
ITIALIAN restaurant Bucca Di Beppo has filed for Chapter 11 bankruptcy. This comes just days after closing 13 underperforming locations. The restaurant has shut down several locations ahead of this announcement The bankruptcy petition was submitted just before midnight on August 4, 2024, revealing the company’s dire financial situation. According to court documents, the Orlando-based Italian restaurant chain’s asset range is alarmingly low. It is estimated to be between $0 and $50,000, while its debts span from $15 million to $50 million owed to at least 30 creditors, according to local outlet WGNTV. The filing comes in the wake of the company’s decision to shut down 13 lo

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