Buca di Beppo Files for Chapter 11 Bankruptcy

The Italian-American restaurant chain plans to restructure 44 locations while maintaining operations.

Buca di Beppo cited rising costs and staffing challenges as key reasons for the bankruptcy filing.
The company has closed 13 underperforming locations and plans to keep 44 open during restructuring.
Buca di Beppo owes close to $50 million to 30 creditors, with liabilities far exceeding assets.
The chain will honor all gift cards, reservations, and promotions at its remaining locations.
Buca di Beppo was founded in 1993 and acquired by Planet Hollywood in 2008.