Upper Crust Closes Most Restaurants

A financially struggling Boston-based gourmet pizza parlor chain has closed most of its restaurants and let go 140 workers as it seeks a cash infusion to stave off a permanent shutdown.

A trustee overseeing Upper Crust's bankruptcy said at a hearing Tuesday in federal bankruptcy court that the chain closed restaurants Monday night because it had just four days of supplies and only $14,000 in cash after company executives paid themselves a month's salary in advance.

The business, which filed for bankruptcy protection last month, needs $120,000 to keep doors open. The Boston Globe reports that if the company can obtain funding within few days, it could avoid a permanent shutdown. So far, Upper Crust has closed 10 of 16 locations.

The chain once had 20 locations in the region.

This program aired on November 14, 2012. The audio for this program is not available.


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