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The Associated Press reports that Sbarro, the pizza chain that is largely found in shopping mall food courts, has filed for Chapter 11 bankruptcy protection for the second time in three years, saying it needs to slash debt and improve its quality if it is to regain profitability.

The AP notes that the bankruptcy filing "comes after the company shuttered 155 of its U.S. locations last month." Sbarro still has about 800 locations around, half of them in North America.
KC's View:
I'm pretty sure I argued at the time of the first bankruptcy filing that Sbarro's long-term interests would be best served by serving s quality pie that didn't leave so much grease on the paper plates on which it serves its pizza slices. But maybe that's just crazy me … always arguing that in the end, lowest-common-denominator food is never the way to build a business.