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Plano, the pizza pizza chain based on Texas based buffet is bankrupt. The Company filed Chapter 11 Bankruptcy Monday with a pre-approved sales offer that will see the chain purchased by its main lender, his investors of B & G.

There are barely a decade, the operation of ciciMore than 650 locations And had ambitious projects to open 500 other restaurants in the next decade. Instead, its footprint decreased to more than 300 locations, which the chain currently operates with its franchises on 26 states. (In touch:More Saddes restaurant closures in your state.)

The buffet restaurant, which houses pizza, pasta, salad and desserts, had slowly been pressed by larger competitors who were better prepared to meet the demand for digital ordering, delivery and take-out services. , according toThe deposit of the Court.

Once the success of the pandemic, the buffet restaurants have provenparticularly vulnerable Due to the open nature of their food exhibitions and self-service lines that do not allow for appropriate social distance, adding to the company's declining sales. The closure of the mandated dining room "considerably disrupted CICI restoration operations and a demand from seriously limited clients", as the vast majority of pre-pandemic sales of the chain came from their dinged operations.

Investors B & G acquire CIACs next to its $ 82-million debt and will provide the chain with the funding needed to see it through the bankruptcy process, which is supposed to be completed by March. The company itself has 11 restaurants while others belong and operated by franchises, which are not part of the bankruptcy deposit.

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