Bertucci’s
The Italian restaurant chain applied for bankruptcy during the spring of 2018. Associated Press reported that the Massachusetts-based joint shut down 15 locations in April. At the time, it had 59 restaurants in 10 states. Earl Enterprises acquired the company for $20 million, which can be subdivided into $13 million in debt, $4 million in credit, and $3 million in cash. Bertucci’s allegedly had a hard time competing with other restaurants.
Bertucci’s
Gymboree
CNBC reported that Gymboree applied for bankruptcy in January 2019. During the filing, it announced that it was ceasing operations in all Crazy 8 and Gymboree stores. This March, it announced that this was no longer the case. Apparently, it was acquired by Children’s Place, another children’s product distributor. While it bought Crazy 8 and Gymboree, the Gap purchased intellectual property, websites, customer data, and more.
Gymboree