Sbarro, the Italian Pizza Chain popularly known to serve the freshest pizza to mall goers was reportedly preparing to file for bankruptcy following a nine-month-monitoring of the company’s performance.
In a report by Wall Street Journal, the company is soliciting votes due by the end of this week for the Chapter 11 filing that will serve as protection from creditors as it restructures while struggling with demand and debt costs. Sbarro could file the Chapter 11 protection as early as Sunday this week.
Sbarro is an Italian restaurant that serves pasta, pizza and many more the Italy way. At first, Sbarro is an Italian grocery store in Brooklyn where they sell Italian items which includes homemade cheeses, salami and sausages. Because of the quality of food that the owners were catering, they became popular. Since then, history was made.
Sbarro branches are all over Philippines, many loved their products. So, along with my sisters, we ate there. The store nearest to our place was the Sbarro SM Fairview.