All Posts Tagged Tag: ‘Sbarro Bankruptcy’

Sbarro Out of Bankruptcy, Moving its Headquarters

Pizza restaurant chain Sbarro this week announced that it has officially exited bankruptcy. According to a New York Times report, the company’s reorganization plan was approved all the way back on May 19. That plan took effect for the company starting Monday, July 2. In addition to the bankruptcy update, Sbarro also this week announced that it will be moving …

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Quiznos Bankruptcy Filed Days After Sbarro

Quiznos announced Friday the restaurant chain filed for Chapter 11 bankruptcy protection, five days after Sbarro pizza chain did the same. The company, known for its toasted sandwiches,  said it agreed to a restructuring plan that will reduce its debt by more than $400 million. It listed liabilities of between $500 million and $1 billion in its bankruptcy petition. The …

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Sbarro Pizza Chain Files for Bankruptcy Again

Pizza chain Sbarro LLC filed for bankruptcy protection Monday for the second time in less than three years and less than three weeks after being forced to close more than 40 percent of its locations. The Melville, NY based restaurant chain filed after struggling with excess debt and too few customers in malls in which many of its restaurants are located. Sbarro …

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