Local Stores Survive Papa Gino’s Closings
The three Papa Gino's Berkshire locations in North Adams, Pittsfield and on the Mass Pike are still turning out pizzas, meatball subs and other favorites today. But that's not the case everywhere.
Papa Gino's and DeAngelo sandwich customers--and employees--in 95 locations across New England were shocked to find their local stores closed by the company on Sunday. There was no official word on just why until the Dedham, Mass. based regional chain issued a press release Monday morning.
The statement shared on Papa Gino's Facebook page said "PGHC Holdings, Inc. ("PGHC"), the parent company of the popular New England restaurant chains Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches, today announced it has reached an agreement in principle to sell the company to a Wynnchurch Capital portfolio company."
The sale it said, would allow "PGHC to remodel and modernize their 141 company-owned restaurants in Massachusetts, New Hampshire, Rhode Island, and Connecticut; open additional restaurants throughout New England; and enhance its online ordering capabilities at all restaurants."
The statement also revealed that the company has filed for Chapter 11 bankruptcy protection, which would allow the 100 Papa Gino's restaurants and 78 D'Angelo Grilled Sandwiches restaurants, including franchise locations to continue to operate and remain open for business.