In March, Sbarro filed for Chapter 11. The pizza chain is being refueled by private equity investors, exchanging $150 million in debt for equity in the business, according to Forbes. The plans took effect this week after a U.S. Bankruptcy Court judge approved Sbarro’s reorganization in May.
Sbarro has announced that the company will move its headquarters from Mellville, New York to Columbus, Ohio. The Midwest city is also home to Sbarro’s fast-casual concept, Pizza Cucinova, which debuted last October.
After filing bankruptcy earlier this year and closing more than 150 locations, the pizza chain has 800 locations worldwide.