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hrmjustin

(71,265 posts)
Tue Jun 3, 2014, 02:27 PM Jun 2014

Sbarro says it exited bankruptcy protection

AP

NEW YORK (AP) — Pizza chain Sbarro says it has exited bankruptcy protection and is moving its headquarters from New York to Ohio.

According to court filings, a judge approved the company’s reorganization plan on May 19, and that plan took effect Monday. Sbarro says it will move its company headquarters to Columbus, Ohio, to reduce expenses and be closer to its new Pizza Cucinova business, which lets people build their own pizzas. The first Cucinova restaurant opened in October.

The company says about 40 jobs at its old headquarters in Melville, New York, will be eliminated, but its other 2,700 employees nationwide won’t be affected.

http://www.salon.com/2014/06/03/sbarro_says_it_exited_bankruptcy_protection/

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