July 25, 2014 1:10 PM ET

Hotels, Restaurants and Leisure

Company Overview of Sbarro LLC

Company Overview

Sbarro LLC operates and franchises Italian quick service restaurants in the United States and internationally. It offers pizzas, salads, sauces, pasta, and mozzarella. The company was founded in 1956 and is headquartered in Melville, New York with locations worldwide. Sbarro LLC operates as a subsidiary of Sbarro Holdings, LLC.

401 Broadhollow Road

Melville, NY 11747

United States

Founded in 1956

3,500 Employees

Phone:

631-715-4100

Fax:

631-715-4197

Key Executives for Sbarro LLC

Chairman and Chief Executive Officer
Age: 56
Chief Operating Officer
President of Franchising - North America
Chief Information Officer
General Counsel and Secretary
Age: 57
Compensation as of Fiscal Year 2014.

Sbarro LLC Key Developments

Sbarro Opens Store at the Ventura Mall in Santa Cruz

Sbarro announced its entry into Bolivia with a new store opening at the Ventura Mall in Santa Cruz. Sbarro Bolivia SRL plans to open a total of 10 eateries in Bolivia over the next decade. The franchise agreement with Sbarro Bolivia SRL further expands Sbarro's footprint in South America, which currently includes eateries in Brazil and Colombia, as well as locations launching soon in Peru. Sbarro Bolivia partners Guillermo Cortes, Ricardo Issa, Mario Raul Quiroga Blanca and Eduardo Enrique Issa have also started construction on a second store in downtown Santa Cruz, scheduled to open this September. An additional eight units will follow, including a location at the new Santa Cruz mall@ Las Brixas set to open in early March 2015.

Sbarro LLC Announces Plans to Move its Headquarters to Ohio

Sbarro LLC announced plans to move its headquarters to Ohio. Sbarro will continue to operate local pizzerias. The move to Ohio will not affect the company's 2,700 remaining workers nationwide, including 400 in the metropolitan area.

Sbarro LLC Plans to Reject 183 Store Leases

Sbarro LLC, has returned to bankruptcy court, and it plans to reject 183 store leases, having already moved out of the properties.

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Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
March 10, 2014
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