Sbarro has emerged from bankruptcy protection and moved its headquarters to Ohio, where it will focus on building up its fast-casual concept, Pizza Cucinova. Can Sbarro really make a comeback?
Sbarro pizza chain's bankruptcy filing is its second in three years. There's no rule preventing Sbarro pizza from a second Chapter 11 filing, but it still doesn't bode well for the company's future.
Sbarro filed for bankruptcy protection on Monday for the second time in less than three years. The filing comes on the heels of Sbarro's announcement last month that it will close 155 of about 400 restaurants it owns in North America to cut costs.