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.
January 12, 2017 | Pizza Headlines
I dip, you dip, we dip! A tantalizing dip is a great way to provide instant gratification. Many can be made ahead of time and simply heated or plated. A favorite in Pizza Today’s home base of Louisville, Kentucky is beer cheese. Now, there’s debate on whether it should be served hot or cold. But… Read More ›
January 11, 2017 | Press Releases
Dallas, Texas – RAVE Restaurant Group, Inc. (NASDAQ:RAVE) today announced that the Board of Directors has named Scott Crane as Chief Executive Officer, effective today. Crane succeeds Interim CEO Clinton J. Coleman, who will remain in his role as a member of the Board, where he has served since 2007. “Scott is dynamic leader… Read More ›
January 4, 2017 | Pizza Headlines
As a new year rang in, the food industry made its predictions of restaurant trends that will sweep the nation, from rising concepts to customer-facing tech and hot menu items. How do these forecasts correlate to the pizza industry? What’s going to be this year’s hot pizza style? What are your predictions? Let’s take a… Read More ›