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What's Next For Papa Gino's07:31
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A Papa Gino's pizzeria in Worcester, Massachusetts is one of over 100 locations. The company  announced bankruptcy on Monday, after patrons and employees said dozens of stores were closed unexpectedly Sunday. (JJBers via Flickr)MoreCloseclosemore
A Papa Gino's pizzeria in Worcester, Massachusetts is one of over 100 locations. The company announced bankruptcy on Monday, after patrons and employees said dozens of stores were closed unexpectedly Sunday. (JJBers via Flickr)

The parent company of Dedham-based Papa Gino's and D'Angelo Grilled Sandwiches filed for bankruptcy protection Monday. This came after the local chain abruptly closed dozens of locations over the weekend, laying off more than a thousand employees.

According to court documents, it seems the company's out of dough, holding more than $100 million in overall debt. Company executives cited shifting consumer preferences, more national chain competition, and rising minimum wage and health care costs for its woes.

Guest

Jon Chesto, business reporter for The Boston Globe. He tweets @jonchesto.

This segment aired on November 6, 2018.

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