Bertucci’s
This casual Italian restaurant chain filed for Chapter 11 bankruptcy in the spring of 2018. The Massachusetts-based restaurant closed around 15 of its locations in April, according to Associated Press. At that point, there were 59 restaurants located in 10 different states. Bertucci’s was acquired by Earl Enterprises, an Orlando Florida-based company for a staggering $20 million. Earl Enterprises also has stakes on very popular brands like Earl of Sandwich, Planet Hollywood and Buca di Beppo, another Italian restaurant chain. Biz Journals said that the deal covered a $13 million debt, $4 million credit and $3 million cash. Biz Journals then continued to describe Bertucci’s difficulty in competing against other restaurants.
Bertucci’s
Gymboree
According to CNBC, this clothing company for children’s wear filed for bankruptcy protection in January 2019. When it filed, the retailer stated that it planned to cease operations on all of its Crazy 8 stores as well as all of its 800 Gymboree stores. In March, a few months after it filed for bankruptcy, the company announced that there were changes. Gymboree’s brands had been acquired by another company! Their buyer? Children’s Place, a fellow distributor of children’s products. It bought both Gymboree and Crazy 8, according to CNBC. In addition, another company, the Gap, acquired the intellectual property of Gymboree’s Janie and Jack, its customer data, website, and more. Janie and Jack is one of Gymboree’s children-centric brand, which is quite well-known to consumers and their little babies.
Gymboree
