Sbarro LLC filed a petition with the U.S Bankruptcy Court for the Southern District of New York seeking reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing was made to implement a prepackaged reorganization plan supported by a near-unanimous majority of the company’s lenders representing 98 percent of the Company’s debt. The consensual […]
Sbarro announced the closure of 155 of its North American, company-owned eateries. The action represents an important step towards improving the financial performance of the company and is designed to facilitate continued growth and investment in the brand. This action is part of a series of steps taken and planned by the new leadership team […]
Taco Holdings, the master franchisee for Sbarro in Mexico with 23 eateries, will now spearhead the opening of more than 40 new eateries across Peru and Colombia, marking the first Sbarro locations to open in both countries. The first locations are slated to open this year, with two new eateries opening in Colombia and one […]
Sbarro, the world's largest Italian mall-focused restaurant franchise, announced that it has appointed two industry leaders to spearhead continued franchise growth, both domestically and overseas. In the midst of an aggressive revitalization effort that has gotten off the ground running, Sbarro, with more than 1,000 restaurants in 40 countries, announced the hiring of Eric Taylor […]
Sbarro, the world’s largest mall-focused Italian restaurant chain, announced the appointment of Angela Hornsby as chief people officer. In her new role, Hornsby is responsible for leading all areas of the company’s human resources strategies, practices, and programs, including talent acquisition and management, leadership development and training, employee relations, compensation, and benefits. “In addition to […]
As it embarks on a major initiative to reinvigorate the brand, Sbarro announced today that it has appointed food industry veteran George Wooten as senior vice president of operations. Wooten will oversee all aspects of operations to ensure product and service quality and consistency as Sbarro repositions itself in the marketplace to become the preeminent […]
Revitalization plans for Sbarro, the world's largest mall-focused Italian restaurant chain, have officially kicked into high gear. Out of 1,013 Sbarro units worldwide, the iconic fast-casual chain has chosen 10 locations throughout the United States to unveil all new recipes prepared on new open-flame ovens, as well as made-to-order pasta stations, complete with either sauté pans and induction […]
Sbarro today announced a franchise agreement to open 15 restaurants in India in the state of Maharashtra. Upper Crust Foods Pvt. Ltd. will develop and operate the restaurants, with the first unit to open in Mumbai this month. Over the past six years, Sbarro has announced international agreements with leading franchisees to open restaurants […]
James Greco has been named president and CEO of Sbarro, effective immediately. Greco was the former CEO of Bruegger’s Enterprises and is credited by industry experts with the strong performance and growth of the 28-year-old national bagel bakery chain. Nicky McGrane, who has been serving as Sbarro’s interim president and CEO, will be leaving the […]
Facing rising food costs and softening industry traffic, Sbarro turned to Affinnova, Inc., the global leader in marketing innovation software and services, to help strategically optimize its menu pricing. Understanding that traditional point-of-sale tracking data would not provide enough guidance, Sbarro used Affinnova’s technology to perform a holistic review of its pricing strategy. Using Affinnova Price […]
Sbarro, along with its domestic subsidiaries, announced that its Plan of Reorganization has become effective and the Company has successfully emerged from Chapter 11 with significantly reduced debt and a new capital infusion. “As Sbarro emerges from Chapter 11 today we are a stronger, better capitalized, and more competitive company with a solid financial foundation […]
Expansion to be implemented through 20-year franchise agreement with JCI Inc.
Renews contract with Pepsi to keep it as exclusive beverage supplier.
The pizza chain used borrowings on this lien credit facility to prepay $25 million that was outstanding on the first.
The company sites rising commodities prices as the source of its decline in EBITDA.
Sbarro partners with Velocity Technology Solutions to lead the company’s information technology upgrade process.
Sbarro announces franchise agreements for more than 25 Restaurants in El Salvador, Honduras, Guatemala, The Bahamas and Romania.