The End of the Road for Alpha Omega?
While troubled ice cream maker Toscanini’s appears poised to rise from the brink of extinction, Alpha Omega seems to have met its fate. Bostonista was first to report that the Handa family had fled to India, leaving the chain’s employees and customers in the lurch.
Early this morning, a bankruptcy court judge authorized the sale of Alpha Omega’s assets to a group of investors.
Three companies based in Massachusetts, New York, and Florida will handle the sale of Alpha Omega’s remaining inventory. Once the liquidation sale is over, Rhode Island-based Ross-Simons will restock and reopen the Natick and Prudential Alpha Omega locations under its name, while the fate of the Burlington and Cambridge stores remains uncertain. According to the press release, all current employees will be allowed to reapply for their jobs when Ross-Simons takes over.
We’ll have more news about the shakeup as we get it.