Wednesday, July 20, 2016

Johnny Carino’s owner files for bankruptcy

Fired Up Inc., the operator of the casual dining chain Johnny Carino’s Italian, filed for its second bankruptcy in three years this week and is looking for a buyer.

Carino’s has been closing locations in recent years, including some that it had planned to turn around following its previous bankruptcy, and currently owns 36 company stores and franchises another 48, according to filings. At its peak, in 2006, the chain had 173 company-owned and franchised locations in 30 states.. . . more

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