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The Boston Globe

Business

Ailing Upper Crust closes most restaurants

About 140 employees lose their jobs; company seeks cash infusion

Upper Crust has abruptly closed most of its restaurants, let go about 140 employees, and will shut down permanently unless the gourmet pizza chain gets a cash infusion in the next few days, according to a trustee overseeing the Boston-based company.

At a hearing in US Bankruptcy Court Tuesday, the trustee, Mark G. DeGiacomo, said Upper Crust shut restaurants Monday night because it had just four days of supplies and only $14,000 in cash after company executives paid themselves a month’s salary in advance.

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