(Bloomberg) -- Italian restaurant chain Buca di Beppo filed for bankruptcy with plans to reorganize by canceling leases on at least a dozen locations the...
-- Italian restaurant chain Buca di Beppo filed for bankruptcy with plans to reorganize by canceling leases on at least a dozen locations the company has closed.A Vast Wetland Park Seeks to Slake a Thirsty Megacity
The company has also asked permission to cancel contracts it says it can no longer afford. Restaurant chains typically use bankruptcy to get rid of unprofitable leases as they slim down their footprints. Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world's biggest technology companies. For most of the year, investors worldwide drove stock markets higher, convinced that central banks were successfully, if haltingly, getting inflation under control, and buoyed by a healthy U.S. economy and the promise of artificial intelligence.
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