No Business Is Safe When It Comes To Bankruptcy

Published on 04/13/2020
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Bertucci’s

Bertucci’s is an Italian restaurant’s casual chain. It sought bankruptcy in the spring of 2018. In April, it closed 15 locations. When it was acquired by Earl Industries, based in Orlando, for $20 million, the corporation was reassured. It can be split into $4 million in credit, $13 million in debt, and $3 million in cash. Biz Journals have listed the Italian restaurant chain’s difficulties in competing with its rivals. 

Bertucci's

Bertucci’s

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Gymboree

Gymboree is a store for kids’ clothing. In January 2019, it filed for insolvency. In the submission, the Commission listed plans in all Gymboree and Crazy 8 companies to stop operations. But in March, things changed. Another retailer of child products purchased it: the Children’s Place. Apart from this, Janie and Jack, the app, customer data, and many more were acquired by the Gap. 

Gymboree

Gymboree

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