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An upscale Italian restaurant on Richmond Row is closing its doors.

Bertoldi’s Trattoria at Richmond and Pall Mall streets will shut down this Saturday after its long-time owners sold the restaurant to Obsidian Group, the Mississauga-based hospitality and real estate firm behind Crabby Joe’s, Chuck’s Roadhouse and Coffee Culture.

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“It was just time,” owner Bob DiFruscia said Monday. “We had an offer. I’m 72 years old and it’s just time to move on. . . . I’ve got two grandkids. There’s a lot of things I want to do. The restaurant business takes a lot of hours.”

DiFruscia said the location will continue to be a restaurant, but is not sure which of Obsidian’s brands it will become.

Bertoldi’s Trattoria opened in December 2002 and has been serving up handmade, authentic Italian fare on Richmond Row ever since.

The downtown restaurant is one of the DiFruscia family’s footholds in London’s restaurant scene.