Good Lifestyle

A famous Italian Steakhouse, who welcomed A-Latists like President Obama, Leonardo Dicaprio and George Clooney, filed for bankruptcy, according toFSR magazine.

It Mulino, an upscale Italian concept with 16 locations on New York, Long Island, New Jersey, Pennsylvania, Florida, Tennessee, Nevada and Puerto Rico, revealed in a deposit on July 30 that seven of its locations declare bankruptcy.

Citing the pandemic as guilty for the financial problems of the restaurant, the co-owner Gerald Katzoff said that a current dispute with a lender was destabilizing the company more, who had received a loan of $ 2.3 million in PPP. . The restaurant now intends to use the loan to finance operations during the bankruptcy procedure.

While six of the seven bankruptcy sites remain closed, the company hopes to reopen the doors to their restaurants as soon as possible. Katzoff noted that they would use bankruptcy "to restructure the debt, seek new financing opportunities, explore potential transactions and liquidate claims."

It opened its first location in Greenwich Village in 1981. Possessed by a family from Abruzzo, Italy, the restaurant served Regional Italian cuisine and was finally sold to investors who expanded its elite legacy for dozens more locations in the United States and abroad. If you have not tried their hearty red sauce dishes yet and their generous sections of meat, you will always have the opportunity to do it.

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