Business Profile

Papa Gino’s

The pizza chain’s parent company in Dedham filed for Chapter 11 bankruptcy today after suddenly closing 47 Papa Gino’s pizzerias and 45 D’Angelo sandwich shops, terminating some 1,100 employees in the process. Chief financial officer Corey Wendland pointed to one big reason for his company’s need for more dough: minimum-wage increases across many of its markets, combined with higher health insurance expenses.

- The Boston Globe (link)