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
Teaching Associate (Hospitality Management) - Department of Food Science and Human Nutrition
University of Illinois at Urbana-Champaign
Urbana, IL
Director - CIA Consulting
The Culinary Institute of America
Hyde Park, NY
Culinary Arts Faculty
The Culinary Institute of America
Hyde Park, NY
Director of Food and Beverage Operations
The Culinary Institute of America
San Antonio, TX
Executive Chef - Instructor
The Culinary Institute of America - Nao Restaurant
San Antonio, TX