Bertucci’s Restaurants filed for Chapter 11 chapter Monday, claiming $48.85 million in debt and citing pandemic- and inflation-related challenges.
The firm reported gross sales over $120 million in 2019, a determine that dropped to $97.9 million in fiscal 12 months 2021, resulting in an working lack of $14 million and internet lack of $7.2 million, in response to the submitting
It’s not the primary time the chain has filed for chapter. In 2018 the corporate filed for chapter and was purchased by Earl Enterprises, which owns Planet Hollywood and Earl of Sandwich. At the time, Bertucci’s had 58 areas.
Bertucci’s continues to function 31 areas throughout the nation, primarily in Massachusetts.
N.H. anticipating 2.9M winter guests
An estimated 2.9 million individuals are anticipated to go to New Hampshire this winter and spend about $1.3 billion, the state’s division of journey and tourism improvement stated Wednesday.
Spending reached a report $1.2 billion final winter, Lori Harnois, division director, stated in a information launch.
She added, “while there are signs the rebound from the pandemic recovery is slowing, we expect to see continued growth this season in spending.”
The division’s winter marketing campaign can be launched in January in New England, New York, and japanese Canada. It will spotlight New Hampshire’s snowboarding and snowboarding, snowmobiling, and off-slope actions similar to snowshoeing, skating, eating and tax-free buying.
“This winter we’re also really excited to be highlighting some of the edgier winter adventures such as skinning, fat biking and skiing in backcountry glades,” Harnois stated.
Source: www.bostonherald.com”