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D'Angelo Parent Company PGHC Holdings Declares Bankruptcy

PGHC Holdings closed 95 company-owned D’Angelo and Papa Gino’s locations over the weekend in wake of the filing.

By Madeline LenaStaff Writer
3:15PM • 11/05/18

PGHC Holdings, parent company of D’Angelo Grilled Sandwiches and Papa Gino’s Pizza, filed for bankruptcy protection over the weekend, the company announced.

According to a Restaurant Business article, PGHC has a sale agreement in place with investment firm Wynnchurch Capital. As part of the bankruptcy filing, the company closed 95 company-owned D’Angelo and Papa Gino’s restaurants throughout the Northeast. Approximately 100 Papa Gino's restaurants and 78 D'Angelo restaurants, including franchise locations, are remaining open as the sale goes through.

Read the full article here.

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