Report: Mass. Based Bertucci's Bought by Planet Hollywood, Earl of Sandwich Chains

Massachusetts-based Bertucci's has a new owner.

According to the Wall Street Journal, the owner of Orlando-based Planet Hollywood, Buca di Beppo and Earl of Sandwich will pay more than $3 million in cash for the bankrupt pizza chain.

The paper reports Earl Enterprises will also acquire the chain's $4 million of debt.

Bertucci's filed for bankruptcy in April, following a decline in sales over several years.

The deal is expected to close sometime in late June.

The first Bertucci's restaurant opened in the early 1980s in Somerville.

Copyright AP - Associated Press
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