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.
August 14, 2018 | Pizza Headlines
A dog-friendly patio is more than a checkbox I take my hound dog everywhere. At least once a week or so, you can find me and my Beagle having dinner at one of Louisville’s dog-friendly patios. In fact, I keep a running list of the best patios with the best food and craft beer. After… Read More ›
August 9, 2018 | Videos
New Port Richey, FL. – August 9, 2018 – Welbilt, Inc. (NYSE:WBT), announced today that Hubertus M. Mühlhäuser is resigning as a Director, President and CEO of Welbilt, effective August 31, 2018, to become the Chief Executive Officer and a Director of CNH Industrial N.V. (NYSE:CNHI), a $27 billion global manufacturer of capital goods comprising… Read More ›