Popular Italian restaurant chain files for bankruptcy - days after shutting more than a dozen locations across US

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A celebrated Italian edifice concatenation has revenge for bankruptcy - conscionable days aft it abruptly unopen 13 underperforming locations crossed nan US. 

Court documents revenge conscionable earlier midnight connected Sunday show Buca di Beppo owes arsenic overmuch arsenic $50million - yet has assets of nether $50,000. 

Last week, nan concatenation - known for its family-style dishes and vintage décor - permanently closed restaurants successful California and Florida. It besides unopen its past remaining locations successful Michigan and Pennsylvania. 

There is nary denotation of immoderate further locations being unopen successful nan tribunal documents - but successful astir cases nan filing of a Chapter 11 bankruptcy by a edifice chains leads to closures. 

Buca di Beppo has attracted personage fans including Hollywood fable Sylvester Stallone and Modern Family character Sofia Vergara.

Buca di Beppo is known for its family-style Italian dishes (Pictured: YouTube characteristic Shay Carl astatine an arena for nan world grounds of nan largest vessel of spaghetti astatine a California location)

Sofia Vergara poses for 'Meatballs 4 Ninos' astatine Buca di Beppo successful 2013 successful Santa Monica, California. She joined forces pinch Bucca di Beppo restaurants to raise costs and consciousness for St Jude Children's Research Hospital

Orlando-based Bucca Di Beppo said successful nan tribunal filing that it had been deed by a driblet successful income - astatine nan aforesaid clip that costs for nutrient and labour soared .

Under Chapter 11, nan institution will look to drastically trim costs by re-negotiating immoderate of its rents aliases moreover getting retired of mroe costly leases. 

Former labor astatine immoderate eateries, galore of which person been unfastened for complete 2 decades, said nan closures past week came arsenic a shock. 

'It's very disheartening to person everything travel to an end,' Rozalyn Marc-Aurele, who worked astatine a edifice successful Sacramento, California, for 4 years, told FOX40.

It comes amid a slew of edifice closures crossed nan US, arsenic soaring nutrient inflation and inflated moving costs proceed to deed mini and mid-size chains.

Alongside nan location successful Sacramento, California, Buca di Beppo besides closed restaurants successful Livonia, Michigan, Colonie, Florida and Spring Township, Pennsylvania. 

In a connection to DailyMail.com, nan institution confirmed it had closed 13 locations this week which were 'unable to retrieve from nan harm caused by nan pandemic and different marketplace pressures.' 

The Sacramento edifice had been operating since 1999, serving nan chain's celebrated meatballs and sharing platters of pasta and pizza. 

'Just knowing this spot has been unfastened for truthful agelong and it's closing…is a large deal,' erstwhile worker Jayden Seizmore told FOX40.com.

He told nan outlet that workers were unaware of nan restaurant's closure until Monday morning. 

Another erstwhile worker said they were told to study to nan edifice astatine 11am for an 'emergency meeting' wherever they were informed that it was shuttering. 

'Being capable to activity present and having nan acquisition that I did here, it's conscionable really sad that it abruptly came to an end,' said Rozalyn Marc-Aurele.

'It's very disheartening to person everything travel to an end.'

Local news successful Florida besides reported that labor astatine nan Colonie location, which had been unfastened for 24 years, were not notified successful beforehand of nan closure.

The concatenation is besides known arsenic a tract for celebrations and parties - pinch Hollywood fable Sylvester Stallone moreover buying up a California location successful 2009. 

Buca di Beppo was founded successful 1993 successful Florida, and since 2008 has been a subsidiary of nan Planet Hollywood chain. 

There are now 44 remaining Buca di Beppo restaurants crossed nan US. At its highest a decade agone location were much than 80.

According to section news reports, locations person besides been shuttered successful Maryland, Ohio and Hawaii earlier this year. 

One that unopen successful 2016 was nan location in Santa Monica successful California. Modern Family character Sofia Vergara was pictured location for a 'Meatballs 4 Ninos' kindness event  successful 2013. 

She had joined forces pinch Bucca di Beppo restaurants to raise costs and consciousness for St Jude Children's Research Hospital.

A motion posted connected nan beforehand doorway of nan Sacramento location reads: 'We are thankful to you, our loyal guests, for giving america nan opportunity to service you.'

The concatenation is besides known arsenic a tract for celebrations and parties - pinch Hollywood fable Sylvester Stallone moreover buying up a California location successful 2009 (Pictured: Stallone alongside Charlie Sheen and Danny DeVito)

It comes arsenic restaurants are progressively closing crossed nan country. 

Earlier this week, a breakfast spot connected nan suburban outskirts of Chicago closed its doors Sunday aft 65 years successful business, reportedly because the landlord wanted to rate in.

Peter Gerousis, 43, who co-owned nan Cozy Corner Restaurant successful Oak Park, told nan Chicago Sun-Times that moreover though business was booming, nan determination to unopen down was mandatory.

'The edifice correct now is nan astir successful it's ever been successful 65 years — hands down,' Gerousis said. 'But our landlord felt it would beryllium adjacent to double our rent.' 

Denny's has besides been shutting locations too. 

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Source dailymail
dailymail