Popular US fast food chain Mod Pizza is on the brink of bankruptcy, following a spate of restaurant closures, according to a new report.
The fast-casual pizza outlet, which is located in 28 states, is preparing a potential bankruptcy filing and could enter court protection as soon as next week, sources told Bloomberg.
However the situation with Mod Pizza is fluid and plans could change, anonymous sources told the publication.
The company is known for its made-on-the-spot, customizable personal pizzas and has more than 500 locations across the US since opening its first restaurant in Seattle in 2008.
Last year Mod Pizza earned $700m and was once one of the country’s fastest-growing restaurant chains.
In 2019 it planned to operate 1,000 locations across the US by 2024, according to Restaurant Business.
Read more here from the Independent.
