Business Profile

Papa Gino’s

The pizza chain’s parent company in Dedham filed for Chapter 11 bankruptcy today after suddenly closing 47¬†Papa Gino’s¬†pizzerias and 45 D’Angelo sandwich shops, terminating some 1,100 employees in the process. Chief financial officer Corey Wendland pointed to one big reason for his company’s need for more dough: minimum-wage increases across many of its markets, combined with higher health insurance expenses.

-The Boston Globe (link)