Sbarro Files 2nd Ch. 11 Petition Since 2011
In its filing, the Melville, N.Y.-based company and 30 affiliates said they owed between $100 million and $500 million in debts against less than $50,000 in assets.
In a statement, the company said it would use the protection to implement a plan to close and reorganize many of its underperforming locations as part of a plan...
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