Today's Video Headlines: 7/3/24
The company, which has locations in 28 states, is preparing a potential bankruptcy filing and could enter court protection as soon as next week, sources
However the situation is fluid and plans could change, the sources, who asked not to be identified to share the insider knowledge, told the publication.Fast-casual chainMod Pizza is preparing a potential bankruptcy filing and could enter court protection as soon as next week, sources told Bloomberg.The pizza joint known for its made-on-the-spot, customizable personal pizzas has more than 500 locations across the country since opening its first restaurant in Seattle in 2008.
Mod Pizza earned $700 million in system sales by last year and was once one of the country’s fastest-growing restaurant chains and in 2019, planned to operate 1,000 locations across the US within five years — by the current year, according toUS headed for a deep recession in near future as stocks could fall 30%, analyst warns
Chelsea Wine store owner looks dapper in court appearance for allegedly stealing vintages from own shop Instead, the chain — which named a new CEO in January, replacing cofounder Scott Svenson — closed 26 underperforming locations in April and more appear to have shut their doors since then, the trade publication reported.Many more chains have shuttered locations all over the US as they try to stay afloat in the current economy.
Bankruptcy Chain Restaurants Pizza Store Closings
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barry Bonds becomes the 1st player to hit 500 home runs and steal 500 basesThis Date in Baseball, June 23 - Barry Bonds becomes the 1st player to hit 500 home runs and steal 500 bases
Read more »
Barry Bonds becomes first player in MLB history to have 500 homers and 500 stealsToday in Sports, June 23 - Barry Bonds becomes first player in MLB history to have 500 homers and 500 steals
Read more »
IndyCar moves to Fox Sports in 2025 after 16 seasons with NBCFox now has Daytona 500 and Indy 500
Read more »
Stock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyedStock Market Today: S&P 500 ekes out win as Micron slump weighs; inflation eyed
Read more »
Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first timeStock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time
Read more »
Stock Market Today: S&P 500 slips after briefly topping 5,500 for first time everStock Market Today: S&P 500 slips after briefly topping 5,500 for first time ever
Read more »