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| Historic Regina Pizzerias files for bankruptcy (image credit) |
Earlier this afternoon, Boston Globe* dropped a bomb that Regina Pizzeria parent company (Boston Restaurant Associates Inc.) filed for bankruptcy in federal court Wednesday (5/20).
In addition to 17 Regina Pizzerias, including the historic North End location (established in 1926), Boston Restaurant Associates also owns two Polcari’s Italian Restaurant locations in Saugus and Woburn.
The decision was said to have been made based on changes in sales, high leases and operating costs.
It is reported that the Regina Pizzeria locations in Allston and at the Foxwoods Casino in Connecticut are operated by other companies that license the Regina name, and are not expected to be affected by the bankruptcy.
Read the full story at www.bostonglobe.com
*Originally reported by Dan Adams
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