Uno Chicago Grill Files For Chapter 11 Bankruptcy

Uno Chicago Grill, the Boston-based chain of Chicago-esque deep dish pizzerias, has filed for Chapter 11 bankruptcy after closing 16 restaurants last week.

From their press release:

“The Uno brand is strong; it’s the balance sheet that needs fixing. Today’s announcement marks the beginning of a new era for Uno wherein the Company will no longer be saddled with a burdensome debt load. Accordingly, we will now be able to leverage our operational strength which, combined with the substantially improved cash flow expected to result from our restructuring, will put us in a position to make long-term investments in the future of Uno’s core businesses, Uno Chicago Grill restaurants, Uno Due Go, Uno Express and our Uno Foods Consumer Products Business.”

Viva Lou Malnati’s. Ya know?

Uno Restaurant Holdings Corporation Announces Plan to Restructure Debt and Strengthen Balance Sheet [PRNewswire]