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<a href="https://gigiscupcakesfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=gigis-cupcakes-mr-gattis-pizza-franchises-declare-bankruptcy-2708815" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Gigi&#39;s Cupcakes</a> and Sovrano LLC, owner of <a href="https://gattispizzafranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=gigis-cupcakes-mr-gattis-pizza-franchises-declare-bankruptcy-2708815" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Mr. Gatti&rsquo;s Pizza</a>, have both filed for Chapter 11 bankruptcy, <a href="https://www.nrn.com/casual-dining/gigi-s-cupcakes-mr-gatti-s-file-chapter-11-bankruptcy-protection?NL=NRN-02_&amp%3BIssue=NRN-02__20190109_NRN-02__656&amp%3Bsfvc4enews=42&amp%3Bcl=article_1_2&amp%3Butm_rid=CPG06000007795822&amp%3Butm_campaign=27806&amp%3Butm_medium=email&amp%3Belq2=e58f2ff87a694e7ca975bc6a45522694&utm_source=1851franchise.com&utm_medium=article&utm_campaign=gigis-cupcakes-mr-gattis-pizza-franchises-declare-bankruptcy-2708815" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">according to a report in Nation&rsquo;s Restaurant News</a>.

Both chains are affiliates of FundCorp, a private equity group based in Fort Worth, Texas. According to the article, Gigi&rsquo;s bankruptcy filing petitioned to have its case joined with Sovrano. FundCorp bought the 96-unit cupcake chain in 2016, at which point the franchise brand relocated from its Nashville base to Texas. In the filing, Gigi&rsquo;s listed liabilities ranging from $1 million-$10 million.

Sovrano purchased Austin, Texas-based pizza chain Mr. Gatti&rsquo;s in 2015, and has since grown the brand to nearly 100 units. Sovrano listed liabilities ranging from $10 million-$50 million.

Read the full story <a href="https://www.nrn.com/casual-dining/gigi-s-cupcakes-mr-gatti-s-file-chapter-11-bankruptcy-protection?NL=NRN-02_&amp%3BIssue=NRN-02__20190109_NRN-02__656&amp%3Bsfvc4enews=42&amp%3Bcl=article_1_2&amp%3Butm_rid=CPG06000007795822&amp%3Butm_campaign=27806&amp%3Butm_medium=email&amp%3Belq2=e58f2ff87a694e7ca975bc6a45522694&utm_source=1851franchise.com&utm_medium=article&utm_campaign=gigis-cupcakes-mr-gattis-pizza-franchises-declare-bankruptcy-2708815" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>. 

<a href="https://www.facebook.com/gigiscupcakeslogan/photos/a.178619039584203/362242274555211/?type=1&amp%3Btheater=&utm_source=1851franchise.com&utm_medium=article&utm_campaign=gigis-cupcakes-mr-gattis-pizza-franchises-declare-bankruptcy-2708815" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Photo courtesy of Gigi&rsquo;s Cupcakes on Facebook</a>.

Gigi's Cupcakes, Mr. Gatti's Pizza, Chapter 11, bankruptcy protection, Sovrano, FundCorp

Gigi’s Cupcakes, Mr. Gatti’s Pizza Franchises Declare Bankruptcy

1851 Franchise

The franchise brands affiliated with Texas-based private equity firm FundCorp filed for Chapter 11 bankruptcy protection last week. 

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Gigi’s Cupcakes, Mr. Gatti’s Pizza Franchises Declare Bankruptcy

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