Giordano's is a pizzeria that specializes in Chicago-style stuffed pizza.
Video Giordano's Pizzeria
History
Brothers Efren and Joseph Boglio were born in a small town near Turin, Italy, where their mother had been known for the quality of her recipes. His family was most fond of her Easter pizza pies. The brothers first immigrated to Argentina and subsequently (separately) to the US. Upon arriving in America, Efren began working at a pizzeria in Chicago, but he was not satisfied with the pizzas he tasted and decided to open his own restaurant, Roma. When Joseph came to Chicago, Efren has stated they decided to open a restaurant using their mother's recipe and after experimenting over several months developed the stuffed pizza. In 1974, they founded Giordano's.
Maps Giordano's Pizzeria
Challenges
Several commentators have questioned the restaurant's claim about the creation of the stuffed pizza, noting similarities with the origin story of Nancy's Pizza, which had introduced its own stuffed pizza in the same year. Both chains claim to have based the pizza off a family recipe for scarciedda, an Easter dish common to Basilicata and Apulia, two regions of Italy. Due to the similarities commentators have suggested there is a connection between the founders of the two pizza chains.
New ownership, new ambition
John Apostolou, together with his wife Eva, acquired Giordano's in 1988. In 1993 he told Crain's Chicago Business of their ambitions to expand the chain by opening over 100 new locations in the United States, Europe, and the Middle East. However, this desired expansion did not materialize. Under Apostolou's stewardship, Giordano's opened a restaurant in Milwaukee in 1995 and planned for five more, but the Milwaukee location closed in 2002. The first major expansion outside Illinois began in 2005 when Giordano's opened locations in Florida.
Bankruptcy and resale
Due to weak economic conditions, the Apostolou family faced difficulty in leasing and selling their commercial real estate properties. Their firm, Randolph Partners LLC, eventually defaulted on its real estate loans on January 1, 2011, and filed for Chapter 11 bankruptcy on February 8, 2011. Due to sharing the same primary lender, Giordano's was included in the proceedings along with over 30 affiliate companies. Overall, the companies listed nearly $50 million in combined liabilities to Fifth Third Bank and $2 million to two additional banks and were able to obtain emergency financing in order to stay in operation. While Giordano's entered bankruptcy at a time when many other restaurant chains and pizzerias were being forced to re-organize due to faltering sales, the company's bankruptcy attorney, Michael Gesas, assuaged concerns about the chain's viability and stated that real estate was the reason for the bankruptcy.
After filing for bankruptcy, four restaurants closed as the result of the legal battles that occurred. John and Eva Apostolou sold the business for $52 million to Chicago private-equity firm Victory Park Capital Advisors LLC. Ultimately, the firm -- which was indebted for approximately $52 million -- was auctioned off in November 2011 for $61.6 million to a group including private equity firms Victory Park, Origin Capital, and Atria Group, and George and Bill Apostolou (the sons of John and Eva Apostolou, who owned Giordano's prior to bankruptcy.)
Locations
Prior to filing for bankruptcy, Giordano's had 13 restaurants in Chicago and another 30 locations in the Chicago metropolitan area. The firm opened its first locations outside of Illinois in northern and central Florida in 2005. Early Florida locations were opened in Lake Buena Vista and Kissimmee. By October 2007, Giordano's had opened stores in Port Richey, Brandon, and Tampa. In February 2015, Giordano's opened a new restaurant in Indianapolis. Giordano's set an opening date for the Indianapolis location. The official opening date was February 3, 2015. This is the first Indiana location for Giordano's.[1] In July 2015, Giordano's made its entry into the Minnesota market, opening a restaurant in the Uptown area of Minneapolis. [2] Today there are a total of about 40+ stores in the Chicago area, and some located elsewhere. There are three locations which are franchisee, located in Florida. They plan to open new locations in Carmel, Andersonville, Navy Pier, Vernon Hills and Matteson. [3] [4]
Competition
Giordano's is one of the most famous of Chicago's pizzerias, and its major competitors in the Chicago-style deep dish field are Pizzeria Uno, Nancy's, Gino's East, Pizano's, and Lou Malnati's while its thin crust pizza competes primarily with Home Run Inn, Connie's, Aurelio's and Rosati's. Along with Uno and Gino's, Giordano's has been described as one of Chicago's "main pizza triumvirate".
Giordano's pizza crust is made from dough high in gluten, which takes several days to prepare. The crust has been described as being soft and flaky, while not having much flavor, with the shape being in the traditional Chicago-style.
Reception
Giordano's stuffed pizza has received wide acclaim from critics, being named "Best Pizza in the City" by Chicago Magazine and "Best Pizza in America" by NBC's The Today Show. On Serious Eats, Daniel Zemans, praised the sauce used in the stuffed pizza for having a strong tomato and herb flavor, while noting the crust as a less enthusing yet suitable element of the pizza. Denise Du Vernay, in a review of several Chicago-area pizzerias for Patch.com, described the stuffed pizza at Giordano's as "perfect" and superior to the stuffed pizza offered at Aurelio's Pizza. In an article for the Christian Science Monitor, Giordano's was listed at fourth in a ranking of pizzerias in the Chicago area, with the article praising its stuffed pizza. The Rough Guide to Chicago said in 2003, "Although most pizza parlors offer deep-dish, the following places have perfected it: Pizzeria Uno, Lou Malnati's ..., and Giordano's." One criticism raised about the pizza is the time it takes for the pizza to cook, with a stuffed pizza having an average preparation time of up to 45 minutes. Diners can shorten this waiting period by ordering ahead or taking a half-baked pizza so they can finish baking it in their home oven. Giordano's was voted "Chicago's Best Pizza" by NBC, CBS Chicago, New York Times, Chicago Tribune, Chicago Magazine, Chicago Eater and Home & Garden Magazine. [5]
References
External links
- Official website
Source of the article : Wikipedia
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