Buca di Beppo Italian-American restaurant declared bankruptcy on Monday under Chapter 11 protection, stating that it plans to continue operating its present locations in spite of a sharp decline in revenues, growing expenses for labor and food, and staffing shortages.

According to its court pleadings, Buca di Beppo is renowned for its generous servings, family-style eating, and "eclectic decor," which includes a "Pope Room" adorned with sculptures, pictures, and other artistic portrayals of the pope.

It joins other restaurant companies, like Red Lobster and Rubio's Coastal Grill, which declared bankruptcy in 2024 due to growing prices.

According to Buca di Beppo's president, Rich Saultz, day-to-day operations would continue unabated, and the company's lenders favor a bankruptcy restructuring.

Saultz said in a statement that they were excited to embark on this new chapter in their brand's history and that Buca di Beppo has long been a cherished destination for get-togethers and special meals.

According to the company's Chapter 11 petition filed in the U.S., it has assets between $10 million and $50 million and liabilities between $50 million and $100 million. S. Bankruptcy Court in Dallas.

Currently employing 3,340 people, the Orlando, Florida-based corporation has 44 facilities throughout 14 states. It said that it would be opening a new site. Before declaring bankruptcy, it closed 12 restaurants, and it will ask the court for permission to end the leases at those locations.