Pizza Chain Sbarro Exits Chapter 11 Bankruptcy Protection
On Monday, June 2, Sbarro, the pizza chain known as a mall food court staple, exited bankruptcy with new owners, less debt and a plan to rebrand its business, according to a forbes.com article.
The news comes less than three months after Sbarro filed Chapter 11 bankruptcy protection for the second time in less than three years, according to Forbes. In February of this year, Sbarro announced it would close 155 of the 400 restaurants it owns across North America. It still owns more than 800 locations around the world and about 600 more locations owned by franchisees, which have been unaffected by the bankruptcies.
To help rebrand its image of selling reheated pizza, Sbarro intends to shift its offerings toward its fast-casual Pizza Cucinova restaurant,which cooks personal, made-to-order pi...









