News

Sbarro files for bankruptcy again

March 10, 2014

Sbarro has filed for bankruptcy protection again, its second such filing in three years.

Rumors have been swirling about the move for a couple of weeks, and Reuters reported this morning that the Melville-N.Y.-based pizza chain, and more than 30 affiliates, filed for Chapter 11 protection through the U.S. Bankruptcy Court in Manhattan.

The company has between $100M and $500M in assets and liabilities, the story reported. Sbarro is expected to close more than 150 of its 400 North American restaurants.