Quiznos follows Sbarro into bankruptcy

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http://www.latimes.com/business/money/la-fi-mo-quiznos-follows-sbarro-into-bankruptcy-20140314,0,1514011.story

Quiznos follows Sbarro into bankruptcy
By Ricardo Lopez
March 14, 2014, 11:59 a.m.

Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so.

The filing is expected to be speedy, as Quizno's senior leadership had already secured a "pre-packaged" restructuring plan with its creditors, the company said in a statement. The move will cut the company's debt by more than $400 million.

Quizno's bankruptcy filing comes just days after Sbarro, the New York-based pizza chain, filed for court protection in Manhattan on Monday, the second time in three years. Hot Dog on a Stick, another purveyor of quick-service food, in February also filed for bankruptcy protection.

Competition in this food segment has been fierce, with the rise of other competitors that include Chipotle Mexican Grill Inc. and other quick-service options.

[A HERETIC I AM]

1. It couldn't possibly be that their sandwiches are over priced, could it?

Quiznos makes a couple tasty sandwiches, but go in and order a medium sized one, a drink and chips and try and get out of there for less than $10.

[Xyzse]

4. Agreed.

It is good though.

[Rex]

5. One time at the mall, an ex cut her lip on quiznos bread!

It was THAT stale I guess! Last time she or I ever ate there.

[A HERETIC I AM]

6. LOL...yeah...that would do it for me!

Don't mean to chuckle at someone getting hurt...but sorry..that's kinda funny!


Yes..the last thing one would expect when eating a sandwich is a laceration!

[Rex]

7. We both could not believe it!

Cut your lip on a stale piece of bread - - - CHECK!

[A HERETIC I AM]

9. Is that why she's an ex?

Because you took her out to eat dangerous food?!?

What's next? "Here honey, try this Blowfish sushi prepared by an untrained chef!"


hee hee.....

[Rex]

10. Actually that was our favorite place to eat up until the 'stale bread' incident.

No...we finally broke up over 'irreconcilable differences' (remember the movie)?

[A HERETIC I AM]

11. Been there...

done that...just recently got it paid off!



(And before anyone jumps down my throat because they think I referred to my ex girlfriend as "it" please know that I meant the bills that she left me with, OK?)

[pipoman]

2. Sbarro failed because it's business plan of locating in malls didn't have a contingency plan

For the failure of malls. Quiznos fails because people don't want to pay sandwich price for bread alone. ..

[Berlum]

8. Sbarro was too flipping DOUGHY

I'm just saying...

[Kurska]

3. They used to be great at a decent price

They were always more expensive than subway, but that was okay because they were better. Then it became very obvious that they were skimping on ingredients while raising the price.

There is a quiznos on campus and I never eat there. it is such a ripoff for what you get.

[FarCenter]

12. ++

[WhaTHellsgoingonhere]

13. Hip! Hip! Hurray!!!!!!!!!

Subway next (one can only dream)