Struggling popular pizza chain closes locations, no bankruptcy yet
The popular pizza chain closed a location in Tucson, Ariz., after receiving a lockout notice for non-payment of rent.
The pizza restaurant sector has faced essential wretchedness in most long-established years precipitated by numerous economic disorders equivalent to increased meals and labor charges, rising hobby rates on their debt, and fierce competition from rival chains.
Restaurant operators accumulate closed or sold areas, and in some conditions, filed for Chapter 11 financial kill to reorganize their firms.
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