Sbarro's files for bankruptcy

[djbrent]

http://finance.yahoo.com/news/Sbarro-filing-for-Ch-11-apf-2965568061.html?x=0

[johnnytuinals]

http://finance.yahoo.com/news/Sbarro-filing-for-Ch-11-apf-2965568061.html?x=0

[chickenparm]

The main problem is the Malls.Get out of the Malls and open up in places the lease wont be so damn high!
Lower your prices and they will buy!The recession hit everyone,but located inside a Mall,they have to charge too high to make a profit along with the rising cost of flour,cheese and etc.

[djbrent]

Another article about Sbarro's

http://www.foxbusiness.com/industries/2011/04/06/al-lewis-sbarro-recipe-bankruptcy/

[Pizzamaster]

Shame about that place. They really lost their way.

[pizzard]

...and another article.  This one from the UK. 

http://www.dailymail.co.uk/news/article-1375847/Sbarro-goes-bankrupt-America-losing-taste-pizza.html

[nychas]

"Sbarro is also strapped by debt it took on when private-equity firm MidOcean Partners bought it in January 2007."'
Borrow the money, sell the assets, bankrupt the company.

[hammettjr]

It's reported that they have an offer from a "strategic" buyer...

http://www.bloomberg.com/news/2011-05-19/sbarro-pizza-chain-seeks-sale-instead-of-bankruptcy.html

[Pete-zza]

Update: Sbarro files a plan of reorganizaton: http://www.bakingbusiness.com/News/News%20Home/Business/2011/8/Sbarro%20files%20plan%20of%20reorganization.aspx.

Peter

[chickenparm]

That link wants me to register or log in with an account.

[Pete-zza]

Bill,

Sometimes that happens. Try this: http://sbarro.com/news/news.php?id=55.

Peter

[chickenparm]

Thanks Peter.This new link works fine.You didn't have to go to extra trouble,I just wanted to let you know the other didn't work for me.

Appreciate it very much!
 

[Pete-zza]

Bill,

Thanks for alerting me. For some reason, some of the links are open to everyone whereas others are not. I will have to be more careful in the future when posting links from bakingbusiness.com. I can't post the articles themselves for copyright reasons.

Peter

[Pete-zza]

Sbarro has come out of bankruptcy: http://www.restaurantnews.com/sbarro-inc-completes-reorganization-and-successfully-emerges-from-chapter-11/.

Peter

[scott123]

Yay?

[Pete-zza]

Now that Sbarro has come out of bankruptcy, it is testing a new recipes prepared in new, open-flame ovens, at ten test locations: http://www.restaurantnews.com/plans-heat-up-for-the-sbarro-of-tomorrow-grand-roll-out-events-underway-at-10-test-units-to-unveil-new-recipes/?utm_source=May+31%2C+2012&utm_campaign=Newsletter+May+31&utm_medium=email.

Peter