Nationwide pizza chain could also be on verge of collapse of chapter: Document

MOD Pizza may believe chapter. (Sue Beyer/lehighvalleylive.com)A countrywide fast-casual pizza chain could also be on the point of chapter because it searches for a purchaser, in step with a number of media reviews.A record through Bloomberg discovered that the Seattle-based MOD Pizza is the newest chain eating place to believe a chapter submitting. The Wall Side road Magazine reported that MOD Pizza employed criminal and fiscal advisers to paintings on a possible chapter submitting whilst looking for a purchaser.“We’re running diligently to enhance our capital construction and are exploring all choices to take action. Since that is an ongoing procedure, it will be irrelevant to invest about an result,” a MOD consultant shared with Country’s Eating place Information in a commentary.The media outlet said that MOD operated 553 places on the finish of 2023 — a 4.1% building up from the 12 months prior. Previous this 12 months, the pizza chain close down greater than two dozen eating places in 11 states and the District of Columbia, in step with trade e-newsletter PMO Pizza.MOD used to be based in 2008 as a part of a wave of build-your-own pizza puts together with Blaze.If you are going to buy a product or sign in for an account thru a hyperlink on our web site, we might obtain reimbursement. By way of the usage of this web site, you consent to our Consumer Settlement and agree that your clicks, interactions, and private knowledge could also be accumulated, recorded, and/or saved through us and social media and different third-party companions in keeping with our Privateness Coverage.

Author: OpenAI