CiCis Pizza Background | Nation s Restaurant News nrn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrn.com Daily Mail and Mail on Sunday newspapers.
Some operators wonât even say the word âbankruptcy.â Take Adam Zeitsiff, CEO of Goldâs Gym when it filed for Chapter 11 in May 2020. I donât use the B-word, he said at the time. His public relations firm preferred restructuring through the court process.â
But can bankruptcy be a good thing? These five operators used the process to their advantage.
1. Diamonds in the rough. Chris Rowland, CEO of Pet Supplies Plus, moved quickly when news broke last November that Pet Valu was closing its 358 U.S. stores. âWe heard the announcement of them liquidating, so we reached out to their real estate department and had a conversation, and they were accommodating in terms of giving us information on stores we were specifically interested in.â
Cicis Pizza emerges from Chapter 11 bankruptcy | Nation s Restaurant News nrn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrn.com Daily Mail and Mail on Sunday newspapers.
I remember when Cicis Pizza first opened in Lake Charles. I was addicted to the mac and cheese pizza, not to mention the taco pizza. Pretty much I was in husky kid heaven amongst the plethora of pizzas on the buffet.
2020 was not very kind to restaurants, let alone buffets in general around SWLA. Having a buffet of food in the open while a global pandemic is happening is not the best way to stay in business, let alone attempt to turn a profit. The only thing on the buffet for Cici s Holdings was to file Chapter 11 bankruptcy.
The filing comes in the wake of Chuck E. Cheese doing the same thing just last year. They made a power move during the pandemic by attempting to sneak in a new company featuring delivery. People got wise to the move and pulled the curtain back once they realized it was just a new name for Chuck E. Cheese. It ended with the rat s pizza filing in mid-2020.