Thursday, January 21, 2010

Uno Pizza Chain Files for Chapter 11 Bankruptcy

A Boston-based chain of restaurants featuring deep-dish pizza has filed for bankruptcy. According to the Boston Globe, Uno Restaurant Holdings Corporation voluntarily filed for Chapter 11 protection this week, allowing the chain to restructure its debt and get its balance sheet back in order. The Globe mentions that Uno looks to stay in business, with little in the way of changes to its restaurants during the restructuring process.

According to the Globe article, three Uno restaurants have recently closed in Massachusetts (Fairhaven, Kingston, and Methuen), along with 13 others around the country that were underperforming. About 30 Uno locations remain open in the state, including four within the Boston city limits, two in Cambridge, and a handful of others in the suburbs. The corporate headquarters for Uno are in West Roxbury.

To read more about the filing of Chapter 11 bankruptcy by Uno Restaurant Holdings Corp., please go to the Boston Globe article below.

Uno vows Chapter 11 is only temporary setback

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