Papa Gino’s parent company declares bankruptcy, closures impact roughly 1,100 N.E. workers

PGHC HOLDINGS, parent company of Papa Gino's and D'Angelo Grilled Sandwiches restaurants, has declared bankruptcy, entered into a stalking horse sale agreement with a private equity firm and closed 95 restaurants across New England, impacting roughly 1,000 workers.
PGHC HOLDINGS, parent company of Papa Gino's and D'Angelo Grilled Sandwiches restaurants, has declared bankruptcy, entered into a stalking horse sale agreement with a private equity firm and closed 95 restaurants across New England, impacting roughly 1,100 workers.
DEDHAM, Mass. – PGHC Holdings Inc., the parent company of Papa Gino’s and D’Angelo Grilled Sandwiches restaurants, filed for Chapter 11 bankruptcy in Delaware and entered into a stalking horse agreement to sell the company to Wynnchurch Capital, the company announced Monday. The company also confirmed the closure of 95 restaurants this week, which the…

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