MOD Pizza, a fast-casual pizza chain that was once among the fastest-growing restaurant concepts in the U.S., is reportedly considering a bankruptcy filing. While plans are not yet final, the company is exploring options to improve its capital structure. The pandemic and inflationary pressures likely impacted its growth trajectory. Former Coopers Hawk executive Beth Scott replaced co-founder Scott Svenson as CEO earlier this year, and the chain has already closed 26 underperforming locations. If MOD Pizza does proceed with bankruptcy, it would be a notable development in the industry, given its previous growth trajectory and popularity.
Biden’s America continues to take victims as a popular nationwide pizza chain set to file for bankruptcy in days – sparking fears its 500 restaurants could closet.co/cu1rQKc1nn pic.twitter.com/PvAcZG6ADK
— Tony Seruga (@TonySeruga) July 3, 2024
The MOD Pizza bankruptcy, which seems likely, would be a big, big deal and is likely to make it that much harder for restaurants to get investments or loans. But the chain, much like Red Lobster, is a victim of its own decisions.t.co/pH2zUp0TwS pic.twitter.com/AlhY3tIGea
— Jonathan Maze (@jonathanmaze) July 4, 2024
MOD Pizza.
From the fastest growing restaurant company in the country with millions of investment, most recent $150 million in 2019 from CD&R.
Prepares for bankruptcy.
We are here. t.co/g4O9HcqV0c pic.twitter.com/3SnRLfdGhH
— Kat B (@dedkatbouns) July 3, 2024
Pizza + cake + supporting LGBTQ+ youth seems like the perf combo idk!
Gonna need like 5,000 while we watch Digital pride tn, @MODPizza.
Thanks for supporting us with the proceeds! 🍕🍰 pic.twitter.com/rMXHyURQoi
— It Gets Better (@ItGetsBetter) June 8, 2023
The only thing we put in a box is our pizzas. Be true, be yourself, be proud! #EqualityForAll #MODProud pic.twitter.com/mG9GcHYGjd
— MOD Pizza (@MODPizza) June 26, 2015
Pride is more than just one month.
These stickers are in our restaurants as a reminder that everyone is welcome, all the time ❤️🧡💛💚💙💜 pic.twitter.com/i5X01nS9es
— MOD Pizza (@MODPizza) June 1, 2021
Sources:
www.restaurantbusinessonline.com/financing/mod-pizza-reportedly-considering-bankruptcy-filing
www.offthepress.com/pizza-chain-with-500-locations-set-to-file-for-bankruptcy/
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