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===21st century=== | ===21st century=== | ||
[[File:2015-05-11 16 22 23 Sbarro restaurant at the Commodore Perry Service Plaza along the Ohio Turnpike (Interstates 80 and 90) in Riley Township, Sandusky County, Ohio.jpg|thumb|right|Sbarro at the Commodore Perry Service Plaza along the Ohio Turnpike | |||
In early 2007, Sbarro was acquired by MidOcean Partners , a private equity firm with offices in New York and London.<ref>{{cite web |title=History |work=Sbarro, Inc. |url=http://www.sbarro.com/aboutUs/history.php |deadurl=yes |archiveurl=https://web.archive.org/web/20070810002227/http://www.sbarro.com/aboutUs/history.php |archivedate=August 10, 2007 |df=mdy-all }}</ref>]] | In early 2007, Sbarro was acquired by MidOcean Partners , a private equity firm with offices in New York and London.<ref>{{cite web |title=History |work=Sbarro, Inc. |url=http://www.sbarro.com/aboutUs/history.php |deadurl=yes |archiveurl=https://web.archive.org/web/20070810002227/http://www.sbarro.com/aboutUs/history.php |archivedate=August 10, 2007 |df=mdy-all }}</ref>]] | ||
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In November 2011, Sbarro was granted court approval to emerge from bankruptcy under a plan requiring restructuring and ceding ownership to lenders; 25 sites were closed.<ref name=stych2011/> In January 2012, James J. Greco was brought in CEO of Sbarro to implement a turnaround plan as the company emerged from bankruptcy.<ref>{{cite web|url=http://www.fastcasual.com/articles/james-greco-former-brueggers-ceo-joins-sbarro/|title=James Greco, former Bruegger's CEO, joins Sbarro|work=www.fastcasual.com|accessdate=October 20, 2015}}</ref> Sbarro rebranded, updating its pizza recipe, food offerings, and branding, bringing fresh ingredients back to the forefront of the menu.<ref>{{cite web|url=http://www.qsrmagazine.com/reports/rise-fall-and-rise-sbarro|title=Sbarro Restaurant Company Fights Back From Bankruptcy - QSR magazine|work=qsrmagazine.com|accessdate=October 20, 2015}}</ref><ref>{{cite web|url=https://www.nytimes.com/2012/10/09/business/new-sbarro-pizza-recipe-to-drive-chains-turnaround-plans.html?_r=0|title=New Sbarro Pizza Recipe to Drive Chain’s Turnaround Plans|first=Stephanie|last=Strom|publisher=|accessdate=August 7, 2018}}</ref> | In November 2011, Sbarro was granted court approval to emerge from bankruptcy under a plan requiring restructuring and ceding ownership to lenders; 25 sites were closed.<ref name=stych2011/> In January 2012, James J. Greco was brought in CEO of Sbarro to implement a turnaround plan as the company emerged from bankruptcy.<ref>{{cite web|url=http://www.fastcasual.com/articles/james-greco-former-brueggers-ceo-joins-sbarro/|title=James Greco, former Bruegger's CEO, joins Sbarro|work=www.fastcasual.com|accessdate=October 20, 2015}}</ref> Sbarro rebranded, updating its pizza recipe, food offerings, and branding, bringing fresh ingredients back to the forefront of the menu.<ref>{{cite web|url=http://www.qsrmagazine.com/reports/rise-fall-and-rise-sbarro|title=Sbarro Restaurant Company Fights Back From Bankruptcy - QSR magazine|work=qsrmagazine.com|accessdate=October 20, 2015}}</ref><ref>{{cite web|url=https://www.nytimes.com/2012/10/09/business/new-sbarro-pizza-recipe-to-drive-chains-turnaround-plans.html?_r=0|title=New Sbarro Pizza Recipe to Drive Chain’s Turnaround Plans|first=Stephanie|last=Strom|publisher=|accessdate=August 7, 2018}}</ref> | ||
[[File:Christiana Mall Sbarro.jpg|thumb|left|Sbarro at the Christiana Mall in Newark, Delaware | |||
On March 15, 2012, Sbarro announced a franchise agreement with Upper Crust Foods Pvt. Ltd. to open restaurants in the India n state of Maharashtra . The franchisee will develop and operate the restaurants.<ref>{{cite web|url=https://web.archive.org/web/20140210034002/http://sbarro.com/news/news.php?id=59|title=Sbarro - News|date=February 10, 2014|publisher=|accessdate=August 7, 2018}}</ref><ref>{{cite web|url=http://news.franchiseindia.com/Sbarro-set-for-India-expansion-1512|title=Franchise India - Business Opportunities, Franchise Opportunities|work=franchiseindia.com|accessdate=January 18, 2017}}</ref> The first outlet opened in Chembur , Mumbai .<ref>{{cite web|url=http://www.hindustantimes.com/india/restaurant-review-panki-sbarro/story-iy6YummymtszMhSncQnicO.html|title=Restaurant Review: Panki, Sbarro|date=March 23, 2012|publisher=|accessdate=August 7, 2018}}</ref> In July 2015 Sbarro announced that they planned to expand to 50 outlets in two years, from the 17 they had then.<ref>{{Cite web|title = Pizza Chain Sbarro to Raise Store Count to 50 in 2 Years - NDTV Food|url = http://food.ndtv.com/food-drinks/pizza-chain-sbarro-to-raise-store-count-to-50-in-2-years-783203|accessdate = July 21, 2015}}</ref> | On March 15, 2012, Sbarro announced a franchise agreement with Upper Crust Foods Pvt. Ltd. to open restaurants in the India n state of Maharashtra . The franchisee will develop and operate the restaurants.<ref>{{cite web|url=https://web.archive.org/web/20140210034002/http://sbarro.com/news/news.php?id=59|title=Sbarro - News|date=February 10, 2014|publisher=|accessdate=August 7, 2018}}</ref><ref>{{cite web|url=http://news.franchiseindia.com/Sbarro-set-for-India-expansion-1512|title=Franchise India - Business Opportunities, Franchise Opportunities|work=franchiseindia.com|accessdate=January 18, 2017}}</ref> The first outlet opened in Chembur , Mumbai .<ref>{{cite web|url=http://www.hindustantimes.com/india/restaurant-review-panki-sbarro/story-iy6YummymtszMhSncQnicO.html|title=Restaurant Review: Panki, Sbarro|date=March 23, 2012|publisher=|accessdate=August 7, 2018}}</ref> In July 2015 Sbarro announced that they planned to expand to 50 outlets in two years, from the 17 they had then.<ref>{{Cite web|title = Pizza Chain Sbarro to Raise Store Count to 50 in 2 Years - NDTV Food|url = http://food.ndtv.com/food-drinks/pizza-chain-sbarro-to-raise-store-count-to-50-in-2-years-783203|accessdate = July 21, 2015}}</ref>]] | ||
In March 2013, Sbarro announced that J. David Karam would be the next CEO of the company.<ref><Eaton, Dan (May 3, 2013) [http://www.bizjournals.com/columbus/blog/2013/05/wendys-experience-helping-guide-new.html "Wendy’s experience helping guide new Sbarro CEO David Karam"] ''Columbus Biz Insider''</ref> In March of the following year, the company again filed for Chapter 11 bankruptcy protection. | In March 2013, Sbarro announced that J. David Karam would be the next CEO of the company.<ref><Eaton, Dan (May 3, 2013) [http://www.bizjournals.com/columbus/blog/2013/05/wendys-experience-helping-guide-new.html "Wendy’s experience helping guide new Sbarro CEO David Karam"] ''Columbus Biz Insider''</ref> In March of the following year, the company again filed for Chapter 11 bankruptcy protection. |