A countrywide fast-casual pizza chain is also getting ready to chapter because it searches for a purchaser, consistent with a number of media stories.A document by means of Bloomberg discovered that the Seattle-based MOD Pizza is the newest chain eating place to imagine a chapter submitting. The Wall Boulevard Magazine reported that MOD Pizza employed prison and monetary advisers to paintings on a possible chapter submitting whilst on the lookout for a purchaser.“We’re operating diligently to enhance our capital construction and are exploring all choices to take action. Since that is an ongoing procedure, it might be irrelevant to invest about an end result,” a MOD consultant shared with Country’s Eating place Information in a commentary.The media outlet mentioned that MOD operated 553 places on the finish of 2023 — a 4.1% build 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, consistent with business newsletter PMO Pizza.MOD was once based in 2008 as a part of a wave of build-your-own pizza puts together with Blaze.
