business

46-year-old bankrupt Italian chain closes most restaurants - thestreet.com

The struggling chain has actually filed for Chapter 11 bankruptcy protection three times.

By:Daniel Kline, Celine Provini
Source:TheStreet
Published:
46-year-old bankrupt Italian chain closes most restaurants - thestreet.com
Key Points
  • The chain has shrunk to 12 locations.
  • The companys new plan focuses on fast-casual dining.
  • Its survival depends on court approval of its reorganization plan and ec… [+7299 chars]

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