According to a recently released press statement, Buca di Beppo, the popular family-style Italian restaurant, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas.
According to the press release, the aim of the restructuring effort is to guarantee a smooth transition and prepare the brand for future success. The decision is focused on improving operations and elevating the dining experience for their valued customers.
Several underperforming stores have recently closed, leading to the filing of bankruptcy. The following locations were affected by these closures:
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- 7111 West Ray Road, Chandler, Arizona
- 3612 Tudor Boulevard, Austin, Texas
- 38888 Six Mile Road, Livonia, Michigan
- 615 Flatiron MarketPlace Drive, Broomfield, Colorado
- 202 West 300 South, Salt Lake City, Utah
- 935 East Fort Union Boulevard, Midvale, Utah
- 10915 Carolina Place Parkway, Pineville, North Carolina
- 6045 East 86th Street, Indianapolis, Indiana
- 15350 South 94th Avenue, Orland Park, Illinois
- 2745 Paper Mill Road, Wyomissing, Pennsylvania
- 44 Wolf Road, Colonie, New York
- 2335 Mansell Road, Alpharetta, Georgia
Buca di Beppo has announced that it is restructuring its remaining 44 locations, including those in downtown Indianapolis and Greenwood, Ind. Despite the Buca di Beppo bankruptcy, these locations will not be closing down.
As per the official statement, the company has pledged to maintain normal operations at their restaurants, with all gift cards, reservations, and promotional services remaining valid and redeemable. The Buca di Beppo bankruptcy is not anticipated to have any impact on customers, and the company is striving to ensure their satisfaction.
According to President Rich Saultz, “Buca di Beppo’s restructuring marks a strategic move towards a brighter future for our brand. Despite the challenges faced by the restaurant industry, we believe that this step is the best path forward for us. With the continued support of our lenders, we are paving the way towards a reinvigorated future. Buca di Beppo has always been a cherished gathering spot for celebrations and unforgettable meals, and we are excited to embark on this next chapter of our brand’s story.”
According to Buca C, LLC’s Chief Restructuring Officer, William Snyder, their chosen path forward will ensure that they can continue to serve their patrons and communities for many years to come. Despite the restructuring, the company will remain open for business in all 44 locations, and operations are expected to continue without interruption. Snyder expressed optimism about the process, stating that they plan to move through it as swiftly and efficiently as possible, emerging as a stronger organization ready for the future.
In 1993, Minneapolis, Minn. saw the inception of Buca di Beppo.
