Sbarro Bankruptcy Update: $148M Reorganization Plan Lifts Pizza Chain From Darkness

Jun 05, 2014 879

Sbarro emerged from bankruptcy protection Tuesday.

According to the Associated Press, the pizza chain's $148 million re-organization plan went into effect Monday following a judge's approval May 19.

The company will now relocate headquarters to Columbus, Ohio to cut expenses and work closely with its new entity, Pizza Cucinova.

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Source: http://www.hngn.com

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