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.
For more, see: http://nrn.com/corporate-news/report-sbarro-may-file-ch-11-bankruptcy