Thursday, April 26, 2018

New England News

L.L. Bean opened its first urban retail store in Boston this month, an 8,600 s/f store at One Seaport...The Marshalls store at 500 Boylston Street, Boston will close in June after operating for more than 20 years, TJX Co. officials said...Bertucci’s has closed 6 of its 35 Massachusetts locations as it seeks to emerge from bankruptcy with a new owner. Across its East Coast footprint, Bertucci’s shut down 15 restaurants, leaving it with 59. The company filed for Chapter 11 bankruptcy this month. An affiliate of Right Lane Capital has agreed to acquire Bertucci’s in a deal worth up to about $20 million, though potential buyers can submit bids in the coming weeks. Bertucci’s is now owned by an affiliate of Levine Leichtman Capital Partners…Nadeau Furniture with a Soul has opened its first New England location at 750 Memorial Drive in Cambridge. Nadeau has 40 US locations.

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