Italian restaurants and pizza chains are among the most popular concepts in the dining industry, but that popularity hasn't been enough to avoid financial distress in the sector. Economic challenges have forced several pizza and Italian restaurant chains to restructure their debts either out of court or in a bankruptcy filing. Three major pizza chains filed for Chapter 11 bankruptcy this year to reorganize their businesses, including Domino's Pizza franchisee People First Pizza, which filed on March 26, ...

Primo Posto is a cozy Italian restaurant in Hong Kong's Sheung Wan neighborhood that's great for date night https://t.co/8GGFnYNAib ...

Core Insights - Fresco by Scotto is celebrating a 10-year lease renewal with its landlord, Jack Resnick & Sons, which signifies a strong partnership and stability for the restaurant in a competitive market [1][2]. Company Overview - Fresco by Scotto, co-owned by Rosanna Scotto, has been a staple in the East Midtown restaurant scene since its opening in 1993, known for its Italian cuisine and appealing dining atmosphere [2][4]. - The restaurant's longevity is attributed to its family-run nature and the commitment of the Scotto family, which includes Rosanna, her mother Marion, and her children LJ and Jenna Ruggiero [2][5]. Industry Context - The restaurant is located near the site of a significant development project, 350 Park Ave., which will involve the construction of a 1,600-foot skyscraper by Vornado Realty Trust and other partners, potentially impacting the surrounding area [3]. - The developers have expressed a commitment to being sensitive to the needs of Fresco during the construction process, indicating a collaborative approach to urban development [5].