Sbarro: Difference between revisions

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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   
[[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>


The company filed for  Chapter 11 bankruptcy  protection on April 4, 2011.<ref>{{cite web|title=Sbarro Chapter 11 Petition|url=https://www.pacermonitor.com/view/QPYCXHA/Sbarro_LLC__nysbke-14-10557__0049.0.pdf|website=PacerMonitor|publisher=PacerMonitor|accessdate=9 May 2016}}</ref><ref>{{cite web|last=Kary |first=Tiffany |url=https://www.bloomberg.com/news/2011-04-04/sbarro-files-for-bankruptcy-protection-after-restaurant-chain-s-sales-slid.html |title=Sbarro, Mall Restaurant Chain, Seeks Bankruptcy Protection |publisher=Bloomberg |date=April 4, 2011 |accessdate=April 11, 2011}}</ref> At the time it was ranked by Pizza Today as the country's fifth-largest pizza chain.<ref name="Karp">{{cite news| url=http://www.latimes.com/business/la-fi-pizza-trouble-20110411,0,6525994.story | work=Los Angeles Times | first=Gregory | last=Karp | title=Pizza restaurants feeling bite from consumer options | date=April 10, 2011}}</ref> It was the third-largest pizza chain to declare bankruptcy in less than a year. Earlier,  Round Table Pizza  (ranked no. 10) and  Uno Chicago Grill  (ranked no. 11), through its parent Uno Restaurant Holdings, filed bankruptcy. Uno has since reemerged.<ref name="Karp"/>
The company filed for  Chapter 11 bankruptcy  protection on April 4, 2011.<ref>{{cite web|title=Sbarro Chapter 11 Petition|url=https://www.pacermonitor.com/view/QPYCXHA/Sbarro_LLC__nysbke-14-10557__0049.0.pdf|website=PacerMonitor|publisher=PacerMonitor|accessdate=9 May 2016}}</ref><ref>{{cite web|last=Kary |first=Tiffany |url=https://www.bloomberg.com/news/2011-04-04/sbarro-files-for-bankruptcy-protection-after-restaurant-chain-s-sales-slid.html |title=Sbarro, Mall Restaurant Chain, Seeks Bankruptcy Protection |publisher=Bloomberg |date=April 4, 2011 |accessdate=April 11, 2011}}</ref> At the time it was ranked by Pizza Today as the country's fifth-largest pizza chain.<ref name="Karp">{{cite news| url=http://www.latimes.com/business/la-fi-pizza-trouble-20110411,0,6525994.story | work=Los Angeles Times | first=Gregory | last=Karp | title=Pizza restaurants feeling bite from consumer options | date=April 10, 2011}}</ref> It was the third-largest pizza chain to declare bankruptcy in less than a year. Earlier,  Round Table Pizza  (ranked no. 10) and  Uno Chicago Grill  (ranked no. 11), through its parent Uno Restaurant Holdings, filed bankruptcy. Uno has since reemerged.<ref name="Karp"/>
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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
[[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.