Italian quick-service operator Sbarro Inc. said Thursday it is exploring options, including sale discussions with an unnamed “sophisticated bidder,” instead of continuing with its pre-petition reorganization plan in Chapter 11 bankruptcy proceedings. The potential buyer is not a private equity or financial firm, according to Bloomberg. Melville, N.Y.-based Sbarro said it plans to continue negotiations with its pre-petition creditors for a stand-alone plan of ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.