Struggling popular pizza chain closes locations, no bankruptcy yet
The popular pizza chain closed a location in Tucson, Ariz., after receiving a lockout notice for non-payment of rent.
The pizza restaurant sector has faced significant distress in recent years caused by various economic issues such as increased food and labor costs, rising interest rates on their debt, and fierce competition from rival chains.
Restaurant operators have closed or sold locations, and in some cases, filed for Chapter 11 bankruptcy to reorganize their businesses.
