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Cranston Restaurants Enter Receivership | Providence News
Two Rhode Island restaurants, Campanella’s and Itri Ristorante, are heading toward liquidation after their owner, Andrew Loffredo, faced fraud allegations and financial mismanagement. Campanella’s has already sold for $20,000 to its former landlord, while Itri Ristorante’s assets are valued at $1.65 million—with the receiver, Richard Land, seeking higher bids before a court-approved sale in a month. The fallout highlights the devastating impact of financial collapse on local businesses and the urgent effort to recover value from what was once thriving eateries. Listen in comfort:Get a…
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