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.
June 26, 2017 | Pizza Headlines
Pizza company created food donation program 25 years ago in partnership with Food Donation Connection to feed those in need PR Newswire PLANO, Texas, June 26, 2017 /PRNewswire/ — Pizza Hut and community-based hunger relief organizations are celebrating a major milestone today: surpassing 100 million pounds of food donated by Pizza Hut to feed those… Read More ›
June 12, 2017 | Pizza Headlines
Representatives from Guinness World Records were on hand to certify USA’s longest pizza record attempt at Auto Club Speedway in Fontana, California on June 10th, 2017. The finished pizza stretched 6,333 feet. That is nearly 1.2 miles long. The previous record of 6,082 feet was made in Naples, Italy in 2016. A team of pizza… Read More ›
June 8, 2017 | Pizza Headlines
Attend the premier event for pizzeria operators and Italian restaurateurs who are looking to source ingredients, equipment and supplies. Registration is now open for Pizza & Pasta Northeast, the largest pizza and pasta conference and tradeshow on the East Coast. The first-ever Pizza & Pasta Northeast will feature more than 200 booths of products and… Read More ›