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Buca di Beppo declares bankruptcy. Here’s what restaurants are closing.

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8/6: CBS Morning News

20:39

The Italian restaurant chain Buca di Beppo filed for bankruptcy protection after customer visits to the family-style dining establishment declined in recent years. 

Buca di Beppo, which experienced “limited customer demand” during the pandemic, never fully recovered to the same level of revenue and sales after lockdown restrictions were lifted, the restaurant chain said Monday in bankruptcy court documents. The privately owned restaurant’s revenue for the first five months of 2024 fell 10% to $74.8 million compared with a year earlier, court documents show. 

Buca di Beppo is entering Chapter 11 bankruptcy saddled with more than $10 million in debt. About $1.36 million of that debt is for gift cards that customers have not yet redeemed, the restaurant said. 

U.S. restaurants are struggling to maintain their sales as inflation-weary customers pull back on spending at fast food chains and sit-down establishments alike. At the same time, restaurants are facing higher food prices and labor costs, adding to their financial pressures.   

Buca joins Red Lobster, Sticky’s Finger Joint and Tijuana Flats on the list of casual restaurants that have filed for bankruptcy protection this year. 

“While the restaurant industry has faced significant challenges, this move is the best next step for our brand,” Buca president Rich Saultz said in a statement. “By restructuring with the continued support of our lenders, we are paving the way toward a reinvigorated future.” 

As part of its bankruptcy process, Buca said it began closing underperforming locations this year, including shuttering a dozen last month. Below are its 18 closed locations:

  • 7111 West Ray Road in Chandler, Arizona
  • 1249 Howe Ave. in Sacramento, California
  • 615 Flatiron Marketplace Driver in Broomfield, Colorado
  • 1351 South Orlando Avenue in Maitland, Florida
  • 1030 Auahi Street in Honolulu, Hawaii
  • 6045 East 86th Street in Indianapolis, Indiana
  • 112 Kentlands Blvd in Gaithersburg, Maryland
  • 38888 Six Mile Road in Livonia, Michigan
  • 12575 Hall Road in Utica, Michigan
  • 44 Wolf Road in Atlantic City, New Jersey
  • 1900 Pacific Avenue in Colonie, New York
  • 10915 Carolina Place Parkway in Pineville, North Carolina
  • 60 East Wilson Bridge in Worthington, Ohio
  • 3 East Station Square Drive in Pittsburgh, Pennsylvania
  • 6600 Robinson Centre Drive in Pittsburgh, Pennsylvania
  • 2745 Paper Mill Road in Wyomissing, Pennsylvania
  • 202 West 200 South in Salt Lake City, Utah
  • 935 East Fort Union Blvd in Midvale, Utah

The restaurant is keeping open 44 locations and is working on opening one new restaurant, according to a Monday statement from the restaurant. Buca, which first opened in Minnesota in 1993, employs 3,340 workers, of which 266 are full-time. 



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12/18: The Daily Report – CBS News

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12/18: The Daily Report – CBS News


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Lindsey Reiser reports on the status of government funding to avoid a shutdown, what a new interest rate cut means for your wallet, and the top entertainment stories that defined 2024.

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Teacher, student killed in Wisconsin school shooting identified

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A teacher and student killed in a shooting earlier this week at a school in Madison, Wisconsin, were identified Wednesday by authorities.

The Dane County Medical Examiner’s Office said in a news release provided to CBS News that 42-year-old Erin West and 14-year-old Rubi Vergara were fatally shot Monday morning at Abundant Life Christian School.

Preliminary examinations determined the two died of “homicidal firearm related trauma.” Both were pronounced dead at the scene, the medical examiner said.

An online obituary on a local funeral site stated Vergara was a freshman who leaves behind her parents, one brother, and a large extended family. It described her as “an avid reader” who “loved art, singing and playing keyboard in the family worship band.” 

West’s exact position with the school was unclear.   

The medical examiner also confirmed that a preliminary autopsy found that the suspected shooter, 15-year-old Natalie Rupnow — a student at the same school — was pronounced dead at a local hospital Monday of “firearm related trauma.” Madison Chief of Police Shon F. Barnes had previously told reporters that Rupnow was pronounced dead while being transported to a hospital. 

Police had also previously stated that she was believed to have died from a self-inflicted gunshot wound.

The shooting at the private Christian K-12 school was reported just before 11 a.m. Monday. In addition to the two people killed and the shooter, six others were wounded.  

Police said the shooting occurred in a classroom where a study hall was taking place involving students from several grades.

A handgun was recovered after the shooting, Barnes said, but it was unclear where the gun came from or how many shots were fired. A law enforcement source said the weapon used in the shooting appears to have been a 9 mm pistol.

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Last-minute government funding bill in limbo after opposition from Trump, others

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A bipartisan House deal on a short-term funding measure that would avoid a potential shutdown and keep the government operational through March appeared to have been scrapped Wednesday after President-elect Donald Trump, Vice President-elect JD Vance and some hardline Republican lawmakers came out against it. Nikole Killion has details from Capitol Hill.

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