A troubled Boston-based pizza chain revealed that it has gone through yet another round of losses. Papa Gino’s posted a Facebook message on Sunday announcing that it closed seven additional locations throughout New England, including six in Massachusetts and one in New Hampshire. The closures come after PGHC Holdings, Inc., the former parent company of Papa Gino’s and D’Angelo Grilled Sandwiches, shuttered roughly 95 locations between the two chains in November. PGHC Holdings, Inc. also filed for Chapter 11 bankruptcy protection in November, and sold the company to Wynnchurch Capital portfolio company, a private equity investment firm. Sunday’s Facebook message reads: To our fellow New England Neighbors and Guests, For the past few months there have been many changes taking place with Papa Gino’s, all with the intention of strengthening this great and beloved brand for years to come. Along the way we’ve needed to make some very tough decisions. Today we announce the closing of 7 Papa Gino’s restaurants. We do not anticipate any additional closings. We are doing everything we can to take care of the managers and team members at these locations, including transfers to other Papa Gino’s locations or placement assistance to help them find new jobs. We want… Read full this story
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