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If All Else Fails, Quiznos Eyes Bankruptcy

Posted Mon, 2011/12/26 - 14:03 by Janet Sparks
Quiznos HQ, Denver
Quiznos World Headquarters, Denver. Qube store lies at bottom, photo/sparks

Unnamed sources have reported to the Wall Street Journal that Quiznos will  file Chapter 11 bankruptcy protection, if it doesn’t work out a deal with its new hedge fund partner.

Quiznos Strikes Deal on Debt Restructuring

Posted Wed, 2011/12/21 - 19:56 by Janet Sparks
Quiznos Lower Price Every Day Campaign 2009
Quiznos 2009 marketing campaign, "Lower prices every day." photo/AR McLin

DENVER - After struggling with slumping sales and a recent violation of debt terms, Quiznos has now struck a deal with Avenue Capital Group, a hedge fund controlled by billionaire Marc Lasry.

Sbarro Emerges from Chapter 11

Posted Wed, 2011/11/30 - 07:11 by Don Sniegowski
Mama Sbarro, Theater District, New York City
Time's Square Mama Sbarro's, New York City. photo/Vincent Disjardins

MELVILLE, N.Y. — Franchisor Sbarro, Inc and its domestic subsidiaries announced late Monday afternoon that it has successfully emerged from Chapter 11 with a reduction in debt, an infusion of $35 million in capital and a plan of reorganization.

Could Bankruptcy Be Ahead for Quiznos?

Posted Wed, 2011/11/09 - 11:08 by Oscar P Hoot

Rick and Dick Schaden, who own 51 percent of Quiznos, are still trying to find a way to save their highly leveraged franchising company. According to what this bird is hearing among finance experts at a current national restaurant conference in Sin City, what is at stake for the firm is lender's default or worse. 

The Failure of Another Franchisor

Posted Fri, 2011/11/04 - 10:12 by Josh Kosman

Friendly Ice Cream Corp. last month became the latest in a string of classic American restaurant chains to file for bankruptcy protection. Founded in 1935, the Massachusetts-based franchising firm abruptly closed more than 60 locations and now hopes to reinvent itself as a leaner, viable business by early December.

No Dough for Krispy Kreme Australia

Posted Tue, 2010/11/09 - 12:33 by Lionel Hutz PA
KKUS-Aus

Once high-flying Krispy Kreme has placed itself into voluntary administration, the Aussie equivalent of bankruptcy.

Damon’s Grill Files Bankruptcy Too

Posted Wed, 2009/11/04 - 11:42 by Bob Frankman

Unfortunately for the 36 franchisees of Damon's, their franchisor's holding company needs their chain's healthier cash flow to pay for the bankrupt sister company, Max & Erma's.

Max & Erma's File Bankruptcy, Franchisees Object

Posted Wed, 2009/11/04 - 10:08 by Bob Frankman

Max & Erma’s franchise owners are in open rebellion against the decision by their new franchisor, after 16 months at the franchising firm’s helm, to file for bankruptcy. They want the franchisor's bumbling CEO out and the court to appoint a chief reorganization officer to lead the franchise network through Chapter 11.

Bankruptcy Experts Are Wary of Bennigan's IP Transfers

Posted Mon, 2008/08/18 - 00:38 by Don Sniegowski
PLANO, Tex. (Blue MauMau) – The sudden insolvency of Bennigan’s and Steak & Ale brands by filing Chapter 7 bankruptcy on July 29 has left behind many questions for its franchise owners.

Bennigan's Franchisees Eye Closed Locations

Posted Sat, 2008/08/09 - 09:48 by Don Sniegowski

After their franchisor went belly-up last week, Bennigan's franchisees were left still open but scratching their heads on how to pick up the pieces.