Upper Crust closes 10 units amidst bankruptcy battle

 
Nov. 15, 2012

Boston-based Upper Crust has closed 10 of its 17 restaurants in Massachusetts and Washington, D.C., as is navigates through bankruptcy.

According to the Boston Herald, the company is trying to find a buyer. Mark G. DeGiacomo, the chain's bankruptcy trustee, told the publication that the company is hoping for a cash flow of about $120,000, which would be enough to get the restaurants running again. The goal is to find a buyer within the next couple of months.

The chain, which filed for Chapter 11 protection in October, owes employees about $850,000 in back pay and wages. It has repeatedly been fined for labor violations in the past two years.

Read more about operations management.


Topics: Financial Management , Operations Management , Staffing & Training


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