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.
April 27, 2017 | Pizza Headlines
Washington, D.C. – April 27, 2017 – The American Pizza Community (APC) salutes National Small Business Week with stories of pizza store owners who started out small and how the industry supports and provides opportunities for ownership. Fifty-two percent of the nearly 74,000 pizza stores nationwide are independently-owned and operated, according to Pizza Monthly Quarterly’s… Read More ›
April 26, 2017 | Pizza Headlines
Teenage Mutant Ninja Turtles-inspired pizza features 101 cheeses On Sunday, April 23, Scottie Rivera and his crew at Scottie’s Pizza Parlor in Portland, Oregon, set a new world record with its Centouno Formaggio (101 Cheese Pizza). The pizza has been submitted to Guinness World Records for the “Most Cheeses on a Pizza”. “This pizza is inspired… Read More ›
April 10, 2017 | Pizza Headlines
Firenza Pizza & Persona Wood Fired Pizzeria – two restaurants known for their high quality and exceptional pizza product – are joining forces to become one! It’s the best of both worlds as the two merge together under the Firenza Pizza name in Spring of 2017. Sarasota, Florida, April 4, 2017 (Newswire.com) – At Firenza,… Read More ›