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Sbarro files for bankruptcy

A Sbarro Inc. employee serves patrons at a restaurant in Columbus, Ohio. (Reuters_

Pizza chain Sbarro Inc. said Monday it filed for Chapter 11 bankruptcy protection under a plan that would remove more than half of the company’s total debt. Get the full story »

Florida real estate dragged Giordano’s into bankruptcy

A Giordano's at 1040 W. Belmont on Feb. 18, 2011. (Brian Cassella/Chicago Tribune)

By Alejandra Cancino and Becky Yerak | It wasn’t the pizza, it was the real estate.

That’s what attorney Michael Gesas, who represents the Apostolou family businesses, said Friday while explaining the reasons prominent Chicago pizza chain Giordano’s filed for bankruptcy reorganization on Wednesday. The Apostolou family owns Giordano’s.

Giordano’s filing was prompted, Gesas said, when the Apostolou family defaulted on loans on their real estate business, Randolph Partners LLC. Get the full story »

Giordano’s files for bankruptcy

Chicago’s Giordano’s Enterprises Inc., home of the “world famous” deep-dish pizza, filed for bankruptcy Wednesday.

According to documents served up Wednesday in U.S. Bankruptcy Court in Chicago, Giordano’s sought Chapter 11 protection along with 32 affiliates. In court papers, Giordano’s said it has “an urgent and immediate need for cash to continue to operate.”

Giordano’s, where every pizza “is a slice of heaven,” owes more than $45 million to lender Fifth Third Bank. Get the full story »

Pizza chains stocking up for Super Bowl

Super Bowl Sunday is coming and pie-makers across the country are bracing for a pizza one of the five big pizza days of the year along with Halloween, the day before Thanksgiving, New Year’s Eve and New Year’s Day.

All of which require some serious flour power. At the Papa John’s chain, officials expect to sell a million pizzas when the Steelers meet the Packers on Feb. 6, making it their biggest day of the year. Get the full story »

HomeMade Pizza plans expansion

HomeMade Pizza Co., which specializes in take-and-bake pies, plans to add more than 100 locations in the next four years with financial backing from Priztker heir Matthew Pritzker, 28. The New York suburbs will be among its first targets.

Uno Restaurant emerges from Chapter 11

A deep dish pizza at Pizzeria Uno in Chicago, Jan. 26, 2009. (Nancy Stone/Chicago Tribune)

Uno Restaurant Holdings Corp. said it emerged from Chapter 11 bankruptcy Monday, completing a six-month restructuring process.

The Boston-based pizzeria chain received approval from the federal bankruptcy court of the Southern District of New York for its reorganization plan on July 6. Uno Restaurant filed for Chapter 11 bankruptcy in January, citing a downturn in consumer spending and higher costs.

“Today’s successful emergence from Chapter 11 completes the restructuring process in just six months, and allows us to turn our full attention to the growth and development of the Uno brands,” said Frank Guidara, CEO and president of the company. Get the full story »

Papa John’s to be main pizza sponsor for NFL

ct-biz-pizza-web.jpgA manager at a Papa John’s Pizza in Akron, Ohio, preparing dough. (AP Photo/Akron Beacon Journal)

Associated Press | Papa John’s International Inc. leapfrogged two larger rivals to land a deal as the official pizza sponsor of the National Football League and the Super Bowl.

The three-year, multimillion-dollar contract kicks off in the upcoming season and runs through the 2012 season. It’s the largest sponsorship deal in Papa John’s history, but the company would not specify a dollar amount.

Get the full story »