6 pizza chains discreetly disappear this year
Your pie delivery options are shrink.
Judging by sales growth in the recently reported byDomino and Papa JohnThe pizza was one of the most ordered food during the pandemic. For one, the pie is the most loved food of America, which is increasingly sought this year. But it is also ideally positioned to take-away, a feature that was the deciding factor in the quality of a restaurant fare to the coronavirus era.
Unfortunately, all the pizza chains are thriving in the new uber-competitive climate. Although most prudent brands this year probably had prior financial problems to the pandemic, some have simply not been able to rebound from a decrease in traffic of feet.
The following pizza chains got together hundreds of locations this year and could disappear for good. And for more, do not miss these9 restaurant chains that have closed hundreds of locations this summer.
Pizza California Cuisine
The kitchen of the California pizza was struggling with cash well before the pandemic hit, which made itsfiling bankruptcy in July without surprise. The company had tried to sell the business as part of their restructuring efforts, but the auction to sell the assets of the company wasCanceled early October without viable deals. But KPC is still intended to exit the procedure of bankruptcy by the end of October, which means they may be pursuing a compromise with their lenders. There is currently no word on where this leaves over 200 still operating their restaurants, but closures are definitely not off the table.
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five pie
Rave Restaurant Group, which owns and operates 50 locations PIZZA CO. PIZZA CO. through a dozen states revealed adisastrous financial situation in their latest business deposits. The company cited a dramatic decrease in-store sales as a result of measures such as reducing employee salaries and conduction of some of their workforce. So far, five pie closed 16 locations this year, after the closing of 27 stores between 2017 and 2018. With its footprint down, the Company may do business.
Pizza Inn
pizza chain Pizza Inn Buffet owned by the same parent company as Pie Five, andsame deal with financial troubles. The company still operates 150 franchised locations, with only four permanent closures this year. The financial losses of the chain were offset bysales growth in places Pizza InnWhich are smaller kiosks in airports, convenience stores and entertainment venues set up for a seamless service. While the buffet is doing may be better than its sister company, he looks a long road to recovery.
Pizza hut
NPC International, the largest franchisee of Pizza Hut in the USfiled for bankruptcy in August because of a debt of a billion dollars. The company operates 1,300 rental hut pizza across the country and announced the permanent closure of about a quarter, while putting the remaining sites for sale. Some closures have already taken place, but it remains to see which parts of the country will have to say goodbye to the Pizza Hut pizza.
Chuck E Cheese
In June, Chuck E Cheese has become theFirst major chain to declare bankruptcy due to the pandemic. The company has closed 47 locations this year, but still operates a portfolio of 450 restaurants currently operating primarily as places to go. Sales of the company have been strengthened by the concept of virtual pizzaPasqually ofWhich sells adult pizzas prepared in the kitchens of Chuck E Cheese. However, the brand changing long is not out of the woods and could face more closures as the pandemic continues.
Pizza Cucinova
This small pizza chain based in Ohio seems to have been made on the business overnight. The five of their locations seem to be closed, but there was no official press release announcing the closures, stimulating questions about the fate of the chain among the local community. Columbus Business First (CBF) Note that the channel's website is always functional but the online order is disabled for all Ohio locations (although the commands of the Houston Ranch Valley still seem to work).
And for more, check these 108 most popular sodas classified by how toxic they are toxic .