Buca di Beppo

Last updated
Buca di Beppo Italian Restaurant
Company type Subsidiary
IndustryRestaurant
Genre Casual dining
Founded1993;31 years ago (1993)
FounderPhil Roberts
Headquarters
Orlando, Florida
,
U.S.
Number of locations
70
Area served
United States
Key people
 Robert Earl (Chairman)
Products Italian-American food, including spaghetti and meatballs, Fettuccine alfredo, lasagna, ravioli, breadsticks, pizza, submarine sandwiches, and salads
Total equity US$8.8 million[ when? ]
Number of employees
5,000 - 10,000 [1]
Parent Independent (1993-2008) Planet Hollywood International, Inc. (2008-Present)
Website www.bucadibeppo.com
Buca di Beppo, Livonia, Michigan Buca di Beppo Restaurant Livonia Michigan.jpg
Buca di Beppo, Livonia, Michigan

Buca di Beppo is an American restaurant chain specializing in Italian-American food. The name roughly translates as "Joe's small place" from Italian (buca, which literally means "hole" or "pit", can be a dialectal word in Tuscany for a small room or place, and Beppo is a diminutive of the name Giuseppe). The chain of 81 establishments [2] (76 company-owned, 5 franchises in UK) [3] has been a subsidiary of Planet Hollywood since 2008.[ citation needed ]

Contents

The chain is known for its vintage photographs hung closely spaced throughout the restaurant.[ citation needed ]

Slice of cake at a Buca di Beppo (March 2009) Buca de Beppo Cake.jpg
Slice of cake at a Buca di Beppo (March 2009)

The food at Buca di Beppo is served family style, each item served à la carte and shared among the dining party. Some locations also have a lunch menu, featuring individual-sized portions. Each room at Buca is themed, and all restaurants have a Pope table—the largest single table, round, in a room by itself, with a bust of the Pope as centerpiece.[ citation needed ]

In an attempt to boost sales during 2005, Buca introduced a Buca Mia menu, meaning "My Cellar", with less-expensive portions for two. [4]

Corporate history

Phil Roberts founded Buca di Beppo in 1993 as an imitation of "red sauce joints", Italian-American family restaurants in the northeast United States. Not Italian himself, Roberts wanted his restaurant's stereotypical depiction of Italian-American culture to be "intentionally in bad taste, but good-natured bad taste". He hired Vittorio Renda, a Milanese chef, and Roberts's architect son decorated the restaurant with Italians' family photographs from flea markets. In 1996, a new CEO, Joseph Micatrotto, brought less exaggerated Italian-American cultural depictions, based on his family's history, to the chain as it prepared to go public. [5]

The first restaurant, named Buca Little Italy, was opened in the basement level of a Minneapolis apartment building in 1993 by Twin Cities restaurant company Parasole Restaurant Holdings. Five years later, it was spun off and renamed Buca di Beppo. [6] [7] By 1999, there were 20 locations when Buca, Inc. began trading on the NASDAQ stock exchange.[ citation needed ]

The chain continued to grow, but began to hit some rough spots a few years later. Business losses mounted, and in 2005, the U.S. Securities and Exchange Commission began investigating the company over securities laws. [8] Two top executives left the company, three Buca di Beppo sites were closed, and the company described those restaurants and the Vinny T's chain as "discontinued operations" in fourth quarter 2005 earnings statements.[ citation needed ]

However, on May 22, 2006, the company announced that it would be keeping the Vinny T's stores, but converting them to Buca di Beppo locations. [9] On September 25, 2006, Buca, Inc. sold their 11 Vinny T's of Boston restaurants to Bertucci's Corp. for $6.8 million. [10]

On June 7, 2006, Micatrotto and two other former Buca executives were charged with stealing more than US$200,000 from the company. [11] [5]

On August 5, 2008, Planet Hollywood's parent company, Planet Hollywood International, Inc., agreed to purchase the Buca chain for US$28.5 million. Under terms of the deal, Buca became a wholly owned subsidiary of Planet Hollywood. [12] Its founder, Robert Earl, restored Buca di Beppo's gaudy decor of photographs covering walls. [5]

The Buca di Beppo at Excalibur Hotel & Casino in Las Vegas, Nevada, opened in 2011. Buca di Beppo in las Vegas at Excalibur.jpg
The Buca di Beppo at Excalibur Hotel & Casino in Las Vegas, Nevada, opened in 2011.

In 2011, Buca moved its headquarters from Minneapolis to Orlando, Florida, home of its parent company, citing financial incentives. [7] In 2012, Rick Tasman was named CEO & President. [13] In 2015, Rich Saultz was named the new CEO & President and is currently in that position.[ citation needed ]

By 2016, the company had 100 locations in the U.S. and U.K. [14]

As of 2019, the chain has 77 restaurants in 24 states; Honolulu is the highest-grossing location. [5] In 2019, Earl Enterprises announced that a point-of-sale credit card breach affected credit-card users who visited Buca (or other Earl Enterprise-owned restaurants) between May 23, 2018, and March 18, 2019. [15] [16]

See also

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References

  1. ↑ "Buca di Beppo". LinkedIn . Sunnyvale, California . Retrieved May 26, 2020.
  2. ↑ https://locations.bucadibeppo.com/index.html Archived 2020-03-01 at the Wayback Machine Buca di Beppo: All locations
  3. ↑ Buca di Beppo: Meet Buca Archived September 4, 2009, at the Wayback Machine
  4. ↑ Vomhof Jr., John (March 24, 2006). "Buca loss narrows in Q4 as sales rise". Minneapolis/St. Paul Business Journal. Archived from the original on July 19, 2008. Retrieved April 8, 2006.
  5. 1 2 3 4 Krishna, Priya (April 16, 2019). "The Bizarre History of Buca di Beppo, America's Most Postmodern Red Sauce Chain" . Bon Appétit . Condé Nast. Archived from the original on 2020-07-12. Retrieved 2024-05-01.
  6. ↑ "The Parasole story". Parasole Restaurant Holdings. Archived from the original on September 21, 2016. Retrieved September 3, 2016.
  7. 1 2 Burl Gilyard, Buca di Beppo headquarters moving to Florida (update) Archived 2015-05-05 at the Wayback Machine , Finance & Commerce, November 23, 2011, accessed May 4, 2015.
  8. ↑ "Investor Sues Buca, Inc. for Stock Fraud". Restaurant News Resource. August 11, 2005. Archived from the original on September 28, 2007. Retrieved April 8, 2006.
  9. ↑ "Buca backtracks on Vinny T's of Boston sale". Minneapolis / St. Paul Business Journal. May 26, 2006. Archived from the original on March 12, 2007. Retrieved July 20, 2013.
  10. ↑ "BUCA, Inc. Announces Sale of Vinny T's of Boston to Bertucci's Corporation - Business Wire" (Press release). Archived from the original on August 7, 2016. Retrieved August 1, 2016.
  11. ↑ "The latest from the StarTribune". Star Tribune . Archived from the original on June 13, 2006. Retrieved August 1, 2016.
  12. ↑ Steve Alexander, Struggling Buca bought by Planet Hollywood Archived March 15, 2009, at the Wayback Machine , Minneapolis Star Tribune, August 5, 2008, Accessed August 23, 2008.
  13. ↑ "Buca di Beppo names Rick Tasman CEO". nrn.com. May 17, 2012. Archived from the original on May 9, 2015. Retrieved April 9, 2015.
  14. ↑ "8 Family-Style Facts About Buca di Beppo". www.mentalfloss.com. 2016-08-28. Archived from the original on 2020-10-25. Retrieved 2020-08-03.
  15. ↑ "Buca di Beppo diners may have had their credit-card details stolen after the restaurant chain's parent company was hit with a major data breach". Houston Chronicle. April 1, 2019. Archived from the original on April 2, 2019. Retrieved April 2, 2019.
  16. ↑ "Hackers steal credit card data from Planet Hollywood, Buca di Beppo customers". USA TODAY. 2019. Archived from the original on June 2, 2020. Retrieved May 26, 2020.
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