North Adams, Pittsfield Papa Gino's Escape Closure

Print Story | Email Story
NORTH ADAMS, Mass. — Papa Gino's restaurants in North Adams and Pittsfield escaped closure this weekend as their troubled parent company prepared to sell to an equity investment firm. 
 
More than 50 Papa Gino's pizzerias — largely in the eastern and central part of the state — were shuttered abruptly over the weekend with reports of employees showing up for work to locked doors and no explanations. 
 
On Monday, the pizzeria's parent company PGHC Holdings Inc. announced an agreement in principle to sell to Wynnchurch Capital, a private equity investment firm that would strengthen the company's finances. 
 
"We are pleased to have reached an agreement that will ensure a long and prosperous future for these iconic New England restaurants," said Corey Wendland, chief financial officer in a press release. "For some time, we have been pursuing a plan to strengthen our financial footing and secure capital for investment in our restaurants, while also addressing our significant debt load. We are confident that the agreement with Wynnchurch achieves all of those goals."
 
At the same time, the company has filed for Chapter 11 bankruptcy protection as it pursues the sale, which will include soliciting competitive bids under Chapter 11 rules. The court would have final determination on the sale. Wendland said t his would allow PGHC to invest in its current restaurants and expand. 
 
Numerous media sources reported Sunday that a third of the company's 150 restaurants were closed as well as another 45 or so D'Angelos Grilled Sandwiches Restaurants. In all, PGHC said it closed 95 "underperforming" restaurants in total. Another 100 Papa Gino's and 78 D'Angelos will remain open. 
 
The first Papa Gino's opened in 1961 in East Boston; it is now headquartered in Dedham. It is the official pizza of the New England Patriots and the New England Revolution.
 

Tags: business closing,   pizza,   

If you would like to contribute information on this article, contact us at info@iberkshires.com.

Macksey, Shade Pledge Compassion, Accountability as City Leaders

By Tammy DanielsiBerkshires Staff

 
Mayor Jennifer Macksey was sworn into a third term on Thursday; Councilor Ashley Shade was unanimously elected council president. 
NORTH ADAMS, Mass. — A new government took the reins at City Hall on New Year's Day, pledging to move North Adams forward with compassion and accountability.
 
"My focus, as your mayor, has been and will continue to be, one of restoring accountability, stability, strengthening city operations and making meaningful progress of long standing challenges," said Mayor Jennifer Macksey, entering her third term. "City government has worked to move from reaction to action, addressing deferred issues, while laying the foundation for future growth."
 
The swearing in on New Year's Day included the election of Ashley Shade as council president and Andrew Fitch as vice president. 
 
Shade, also entering her third term, reflected on leadership as it relates to small communities and North Adams in particularly.
 
"It is where I learned that community is not something you inherit. It is something you practice. You practice it when times are easy and you practice it even more when times are not," she said. "I have said before that the city needs to renew its focus on investing in our most important resource — this city, the people of North Adams. I believe that with my whole heart, because, yeah, buildings matter and roads matter and budgets matter, but people, people are where everything begins."
 
The city has not only a woman mayor and woman council president, but also a majority of women on the City Council for the first time in its history.
 
Ceremonies were held in Council Chambers on Thursday morning, with state Rep. John Barrett III and city department heads in attendance. Family and friends filled the seats to see the new council and School Committee members take their oaths. 
 
View Full Story

More North Adams Stories