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Legal Sea Foods insurance fight ends in loss
bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.
Legal Sea Foods announces sale of restaurants to Boston-based hospitality group
bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.
UpdatedTue, Dec 22, 2020 at 2:36 pm ET
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Legal Sea Foods was sold Tuesday to a Medford-based hospitality group. (Dave Copeland/Patch)
MEDFORD, MA The sale of Legal Sea Foods was finalized Tuesday afternoon. The iconic restaurant chain was sold to PPX Hospitality Brands, a Medford-based company behind Smith & Wollensky and three Boston-area Strega restaurants.
The sale was announced around 7:30 a.m. Tuesday, but a spokesperson for PPX later said the deal has not been finalized as yet. In an email shortly before 2:30 p.m. Tuesday, the company confirmed the sale had gone through.
Legal Sea Foods has been owned by the same family since its founding in Cambridge in 1968. Roger Berkowitz, the public face of Legal Sea Foods since taking over as chief executive officer from his father in 1992, told The Boston Globe the sale was directly related to the coronavirus pandemic that has decimated the restaurant industry.
UpdatedMon, Dec 21, 2020 at 10:46 am ET
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Legal Sea Foods CEO Roger Berkowitz could sign off on the deal to sell the restaurants to PPX Hospitality Group, owner of Smith & Wollensky steakhouses and three Boston-area Strega restaurants, as early as Monday, according to The Boston Globe. (Dave Copeland/Patch)
CAMBRIDGE, MA Legal Sea Foods, the restaurant chain owned by the same family since its founding in Cambridge in 1968, could be sold as early as Monday, The Boston Globe reported Sunday.
Roger Berkowitz could sign off on the deal to sell the restaurants to PPX Hospitality Group, owner of Smith & Wollensky steakhouses and three Boston-area Strega restaurants, as early as Monday. Terms were not disclosed, but the final sale price will be based on the future performance of the brand.