Business & Tech
Bertucci's Closing 3 CT Locations
The Italian restaurant chain will close three of its Connecticut locations after filing bankruptcy.

ORANGE, CT — Bertucci's closed three of its Connecticut locations after filing for bankruptcy yesterday. The Orange, Southington and Manchester locations closed, according to the company's website.
The company still has locations in Avon, Darien, Glastonbury, Newington and Shelton. Bertucci's closed 15 restaurants in the wave of closures.
The company's owner plans to sell the operation.
Find out what's happening in Orangefor free with the latest updates from Patch.
"Today's filing is expected to be seamless for Bertucci's guests, trading partners and vendors, and result in minimal disruption to its operations, allowing us to strengthen the company's financial structure and position it for significant future growth," said Brian Wright, CEO in a statement Monday.
Bertucci's plans to get rid of 29 leases in total, according to USA Today.
Find out what's happening in Orangefor free with the latest updates from Patch.
The company noted in its bankruptcy filing that consumers are choosing to take their money to cheaper faster dining alternatives.
The sale is expected to be valued at around $20 million, according to the Wall Street Journal. It will undergo a court supervised auction, but investment firm Right Lane Capital LLC agreed to the purchase as a stalking horse bidder.
Bertucci's sales have been falling since 2011. Part of the reason is that consumers are looking for options that are perceived as healthier, according to the Wall Street Journal.
Image of Orange location via Google Maps
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.