Bankrupt pizza restaurant chain closes more popular locations
The popular brick-oven pizza chain closed several restaurant locations before filing for bankruptcy.
Competition in the pizza restaurant sector has grown over the last two years, with the total number of dining locations increasing by almost 1% from 2023 to 2024 and the number of businesses reaching 74,077 last year, according to data firm Statista.
As the pizza sector grows, so do all of the economic challenges that can prevent many businesses from achieving success. Restaurant owners have faced rising labor and food costs, driven by inflation that has cut deeply into their profits.
