Massachusetts-based Bertucci’s is being bought by the owner of Planet Hollywood.
Massachusetts-based Bertucci's has a new owner.
According to the Wall Street Journal, the owner of Orlando-based Planet Hollywood, Buca di Beppo and Earl of Sandwich will pay more than $3 million in cash for the bankrupt pizza chain.
The paper reports Earl Enterprises will also acquire the chain's $4 million of debt.
Bertucci's filed for bankruptcy in April, following a decline in sales over several years.
The deal is expected to close sometime in late June.
The first Bertucci's restaurant opened in the early 1980s in Somerville.
Copyright The Associated Press
