In 1981, Bertucci’s opened in Somerville, Mass., offering brick-oven pizza and Italian entrees. By 2022, the chain faced its third Chapter 11 bankruptcy filing, with debts to creditors. The company proposed a reorganization plan focusing on fast-casual dining expansion and limited payouts to unsecured creditors, according to Chapter11Cases.com.

Bertucci’s, acquired by Earl Enterprises in 2018, had annual sales of $120 million in 2019. However, the impact of the pandemic, inflation, and declining sales led to its second bankruptcy filing in 2022. With closures and restructuring, Bertucci’s introduced a fast-casual “Pronto” concept to revive its business, as reported by FSR Magazine.

By 2025, Bertucci’s filed for Chapter 11 bankruptcy for the third time, facing economic challenges and consumer spending shifts. The company aimed to focus on its remaining locations and the Pronto concept to survive. Bertucci’s fate relies on its restructuring plan’s acceptance, which could benefit creditors more than liquidation, according to Stretto.

As grocery prices rise amid inflation, consumers opt for home cooking over dining out. Bertucci’s struggles to adapt to changing economic conditions and consumer habits, attempting to thrive with its new fast-casual concept. The chain’s survival hinges on its reorganization plan’s approval and ability to bounce back in a competitive market, as reported by World Economic Magazine.

Read more at Yahoo Finance: 46-year-old bankrupt Italian chain closes most restaurants