Bankrupt Italian restaurant chain seeks Chapter 7 liquidation

Core Insights - The popularity of Italian restaurants and pizza chains has not shielded them from financial difficulties, leading to debt restructuring and bankruptcy filings in the sector [1] Bankruptcy Filings - Three major pizza chains filed for Chapter 11 bankruptcy in 2025: People First Pizza (March 26), Bertucci's (April), and Red Door Pizza LLC (July 15) [2][8] - Bravo Brio Restaurants, which operates Bravo Italian Kitchen and Brio Italian Grille, filed for Chapter 11 bankruptcy on August 18, 2025, marking its second bankruptcy filing in five years [3][8] - Pinstripes Holdings, owner of an Italian restaurant chain, converted its Chapter 11 bankruptcy case to Chapter 7 on October 31, 2025, to liquidate remaining assets [5][7][8] Reasons for Bankruptcy - Common reasons cited for bankruptcy include rising labor and food costs due to inflation, decreased consumer discretionary spending leading to reduced foot traffic, and unsustainable lease rates [4]