Saturday, March 8, 2014

Report: Sbarro may file for Ch. 11 bankruptcy

Per Nation's Restaurant News:

Mar. 7, 2014

Two weeks after announcing the closure of 155 company-owned restaurants, Sbarro LLC is reportedly preparing to file for Chapter 11 bankruptcy protection for the second time in three years.

According to a report in the Wall Street Journal, the brand of more than 800 locations worldwide is soliciting votes for a “prepackaged restructuring plan” that could result in a filing as early as Sunday.

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