US pizza chain Sbarro Monday filed for bankruptcy protection for the second time in three years as a slowdown in mall traffic weighs on sales at its fast food restaurants. The restauranteur requested protection under Chapter 11 while it reorganizes its finances, according to a filing in US bankruptcy court in New York. The restructuring will affect about $140 million in Sbarro debt, according to report by rating agency Fitch. Fitch also discussed a possible […]
Reported by Raw Story 5 hours ago.
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