Chancery Orders Closing On $550M Cake Supply Co. Sale

Law360 (April 30, 2021, 6:56 PM EDT) — Describing the outcome as “a victory for deal certainty,” Delaware’s soon-to-be chancellor ordered a balking buyer on Friday to close on a $550 million deal for the world’s largest professional cake decoration supplier, rejecting claims that a business slump as the pandemic opened had crumbled the agreement.

Vice Chancellor Kathaleen S. McCormick, who will move up the court bench next week, found that affiliates of Kohlberg & Co. “lost their appetite” for acquiring DecoPac Holdings Inc. as COVID-19 restrictions initially soured business forecasts. The buyer was nevertheless found after trial to have

Read More

Read More

Benedetto Restaurant in Cambridge Is Closing Permanently

Benedetto, the second restaurant from the team behind Italian stunner Giulia, will not reopen from its current temporary closure as planned, owners Mike Pagliarini and Pam Ralston announced today in a newsletter to customers. Located inside Harvard Square’s Charles Hotel in the space that was previously the longtime home of Rialto, Benedetto is now permanently closed.

Pagliarini and Ralston learned last week from the corporate ownership group of the hotel that the Italian restaurant’s lease was being terminated, the restaurateurs wrote in today’s announcement, noting that “this news came as a complete surprise … Benedetto was set to emerge from

Read More

Read More

RIP: La Casita Mexican Restaurant & Cantina is Closing Permanently

Following is an announcement from the owners of La Casita Mexican Restaurant & Cantina (1982-2021) on permanently closing the business. They will be missed.

It is with great sadness that we announce the permanent closure of La Casita. We will not be re-opening.

We would like to thank our loyal customers, our trusted vendors, and, most of all, our staff, many of whom are more like family to us.

We thank our mother for her vision in opening La Casita, and our families for their unwavering support for over almost 40 years. Forty years — well, we almost made it.

Read More

Read More