Quiznos filed for Chapter 11 bankruptcy protection on Friday after lenders approved a pre-packaged restructuring plan that will reduce debt by more than $400 million. The plan is designed to increase the company’s flexibility as it works to strengthen the chain’s performance, revitalize the brand and “reinforce its promise as a fresh, high-quality and great-tasting alternative to traditional fast-food offerings,” the company said in a statement. RELATED • ...

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