Frequently Asked Questions for Papa Gino’s and D’Angelo Grilled Sandwiches Employees
This proceeding will ensure PGHC can maintain normal business operations at all of its restaurants with improved liquidity as it pursues the sale. As part of this process, and as is customary, PGHC will solicit competing offers to maximize the ultimate value of the sale, for both the company and its stakeholders. Under this process, the sale will require court approval.
Ultimately, we expect the sale will allow us to increase investment in our restaurants, enabling us to provide an even better dining experience to our guests. We believe this process will allow us to build an even better company for all of our team members by creating an atmosphere that you will be proud to serve in.
The remaining 178 restaurants are expected to be part of the company’s long-term strategy and to play an important role in the company’s future.