Sources: Sbarro might file for bankruptcy as soon as next week

03/31/2011 | Bloomberg · Wall Street Journal, The

Mall-based pizza chain Sbarro is reportedly preparing to file for Chapter 11 bankruptcy reorganization as early as next week, with a prearranged restructuring agreement aimed at cutting the chain's $365 million debt in half. The chain, which grew out of a single family-owned Brooklyn grocery store and opened its first mall unit in 1967, now operates about 1,000 quickservice pizza restaurants at malls and airports in 40 countries. The chain, which took on significant debt as part of a 2007 buyout by private-equity firm MidOcean Partners, saw its sales battered during the recession.

View Full Article in:

Bloomberg · Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Food & Beverage

Job Title Company Location
Culinary Management Training Program
HIllstone Restaurant Group
Multiple Locations, SL_Multiple Locations
Staff Assistant, Executive Sous Chef
University of Massachusetts Amherst
Amherst, MA
Adjunct Instructor - Ancient Foods in the Modern World
The Culinary Institute of America
San Antonio, TX
Adjunct Instructor - Menu Development
The Culinary Institute of America
San Antonio, TX