Pizza chain Sbarro files for bankruptcy protection

March 10 Mon Mar 10, 2014 9:26am EDT

March 10 (Reuters) - Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years.

Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the U.S. Bankruptcy Court in Manhattan.

The Melville, New York-based company has between $100 million and $500 million in both assets and liabilities, according to court papers.

Last month, Sbarro said it would close 155 of about 400 restaurants it owns in North America to cut costs.

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Comments (2)
mytucents wrote:
I’m not all that interested in how people rise and fall. But I am enormously interested in how they fall and rise. – Larry Powell, Life’s Little Book of Survival Quotes

Mar 10, 2014 10:49am EDT  --  Report as abuse
TheLazyComic wrote:
I keep hearing how much better everything is under the Quack-Man. I don’t see it. Randy, The Lazy Comic… and I Opprove this comment.

Mar 10, 2014 12:07pm EDT  --  Report as abuse
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