Expert Data Analysis of Buca di Beppo Bankruptcy Filing

3 Min Read By MRM Staff

Earlier this week, Buca di Beppo filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, 

 

"This is a strategic step towards a strong future for Buca di Beppo," said Rich Saultz, President, in a statement. "While the restaurant industry has faced significant challenges, this move is the best next step for our brand. By restructuring with the continued support of our lenders, we are paving the way toward a reinvigorated future."

 

Buca di Beppo is restructuring 44 core locations and is in process of opening one new location.

 

Ragini Bhalla, Head of Brand and Spokesperson at Creditsafe, conducted full financial data breakdown and analysis. Bhalla has more than  17 years of experience in content and communications, predominantly within the B2B sector.  Here are some significant data insights she shared with Modern Restaurant Management (MRM) magazine.

 

Buca has struggled with paying…