Sbarro Reports $6.3 Million Net Loss for May

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On Friday, Sbarro, Inc. and its affiliates filed their consolidated monthly operating report for May 2-29, 2011 with the bankruptcy court. The companies filed pre-arranged chapter 11 cases in the Southern District of New York on April 4, 2011. They operate a chain of over 1,000 "Italian quick service restaurants" and generated over $300 million in annual revenues in the last full fiscal year prior to the filing.

Read the rest of this article in the attached document or by visiting our blog: http://blog.ch11cases.com/2011/06/sbarro-reports-63-million-net-loss-for.html

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Published In: Bankruptcy Updates, Franchise Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Randall Reese, Restructuring Concepts LLC | Attorney Advertising

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