The Franchise Owner's most trusted news source


Log In / Register | Dec 18, 2014

Quiznos Says It Exited Bankruptcy; Court Says Differently

Quiznos Cube
Covered Quiznos sign as flagship store shuttered. photo/bmm

DENVER – Quiznos issued a press release yesterday that declared Quiznos has successfully completed its financial restructure and has emerged from Chapter 11. But bankruptcy court documents show otherwise. 

Ex-Quiznos Executives File Objection to Hedge Fund Lawsuits

DSC00136
Escalator to Rick Schaden executive team headquarters

DENVER – Although Quiznos CEO Stuart Mathis assured concerned franchisees less than a month ago that the company didn’t expect any problems with its Chapter 11 bankruptcy, there is now a disturbing glitch in their plan.

Quiznos Bankrupt!

Franchisor Quiznos files for bankruptcy
Quiznos goes bankrupt but store signs still light up. Photo/bmm

DENVER –Quiznos, the franchise chain famous for its toasted sandwiches, announced just past noon today that it has filed for voluntary Chapter 11 bankruptcy protection.

Struggling Brands Include Sbarro, Quiznos, Radio Shack

Sbarro PWS4607 Seven brands that were once the “darlings of malls and shoppers” are now struggling financially and closing stores.

Insolvent Systems and Risks for Franchisees

Australia has been experiencing an explosion of failing small business operators including franchise systems. Here Jason Gehrke offers ten types of risks franchisees face when their franchisor becomes insolvent landing in administration.

Real Mex Exits Bankruptcy

CYPRESS, Calif. — Real Mex Restaurants announced on Wednesday that it was exiting Chapter 11 bankruptcy.

Titans Arm Prima Facie Insolvent

The Gold Coast Titans face their biggest challenge since entering the National Rugby League in 2007. Next month the team’s property arm will face a bankruptcy application after the Federal Court allowed one its creditors to replace the Australian Tax Office as a new plaintiff against the $35 million debt laden group of companies.

Dippin Dots in Bankruptcy

On November 1, the franchisor's Board of Directors voted to file bankruptcy.

Kingship, Oligarchy or Republic at Alphagraphics?

I am hearing strange stirrings at quick-print chain Alphagraphics. The U.K. holding company of Salt Lake City-based Alphagraphics is beyond bankruptcy.

DISH Proceeds after Winning Bid for Blockbuster

A Blockbuster video store in Central Kentucky shutters, one of many

A Blockbuster franchise is shuttered, one of many. photo:bmm

DALLAS – Last week Dish Network Corp. won the bid for Blockbuster in a bankruptcy auction for the video-rental chain, offering $320.6 million for the video company’s assets.