Citing anonymous sources,Bloombergreported on July 3 that Mod Pizza is preparing a potential bankruptcy filing.
One of the sources said the pizza chain could declare bankruptcy as early as this week.
However, a final decision has yet to be made and their plans could change, the source added.
Mod Pizza / Facebook
the combination of debt and equity a company uses to fund operations and expansion).
“We’re working diligently to improve our capital structure and are exploring all options to do so.
Since this is an ongoing process, it would be inappropriate to speculate on the outcome.”
Photo: EQRoy / Shutterstock
Bankruptcy considerations at any major restaurant chain would be a big deal.
It had 433 restaurants in operation at the time.
The chain’s website currently lists 512 locations across the United States.
