Sbarro says it's filing for Chapter 11 reorganization, marking the struggling pizza chain's second trip through bankruptcy court in less than three years.
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The filing comes shortly after it closed 155 of its U.S. locations (including Reno's Meadowood location). It still has more than 800 locations worldwide.
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Sbarro had also filed for bankruptcy protection in April 2011 and emerged a few months later, saying that it significantly cut its debt and received a capital infusion. A new CEO then led a push to revitalize the chain's image by touting new recipes and ovens. But the efforts apparently didn't take hold.
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Sbarro, based in Melville, N.Y., says its strategy of store closings and balance sheet restructuring will improve its profitability and reduce outstanding debt by more than 80%. (AP)
