Menu
Trending: Super Bowl 2015 Ads for Geeks More Topics: Apple | Cars | TV Shows | Politics
Watch all Super Bowl 2015 Ads Online Sexiest Super Bowl 2015 Ad: Carl's Jr. Superbowl Ad with Charlotte McKinney Bud Light Super Bowl 2015 Ad Life-Sized PacMan Mercedes-Benz Super Bowl 2015 Ad Fable T-Mobile Super Bowl 2015 Ad with Kim Kardashian Budweiser Super Bowl 2015 Ad Lost Dog Victoria's Secret Super Bowl 2015 Ad All Super Bowl 2015 Advertisers All Celebrities that appear in Super Bowl 2015 Commercials
Budweiser Super Bowl 2015 Ad Lost Dog is Online

Budweiser Super Bowl 2015 Ad Lost Dog is Online

Snickers Super Bowl 2015 Ad The Brady Bunch is Hysterical

Snickers Super Bowl 2015 Ad The Brady Bunch is Hysterical

Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Carl's Jr. Super Bowl 2015 Ad stars Charlotte McKinney

Mophie Super Bowl 2015 Ad shows when God runs out of Power

Mophie Super Bowl 2015 Ad shows when God runs out of Power

Minions Super Bowl 2015 Ad

Minions Super Bowl 2015 Ad

Quiznos Bankruptcy Follows Sbarro’s Insolvency

Mar 15 2014, 8:08am CDT | by , in News | Other Stuff

Quiznos Bankruptcy Follows Sbarro’s Insolvency
Quiznos
 
 

More than 99% of its restaurants will carry on as usual. Only seven will seek the help of the state’s economic structures. But nevertheless Quiznos is filing for bankruptcy. The prepackaged restructuring is to occur without fail. That means that the food chain’s debt will get slashed by $400 million or so.  

Quiznos is a fast food chain that specializes in the toasted sub which is a hot and crispy deal alright. Although people love to eat at Quiznos, the competition from other fast food chains is pretty stiff. Add to that the state of debt the franchise finds itself in and you have all the makings of trouble. 

The food firm’s agility is to be increased via this rather drastic action and its functioning will get better too. The words that the franchise wants to apply to itself in the future are: pure, top quality and absolutely delicious. 

"The actions we are taking are intended to enable Quiznos to reduce our debt, execute a comprehensive plan to further enhance the customer experience, elevate the profile of the brand and help increase sales and profits for our franchise owners," said Stuart K. Mathis, Quiznos Chief Executive Officer. "We look forward to continuing to work with and support our global network of franchise owners, who are the backbone of our business."

The company filed for Chapter 11 in the US Bankruptcy Code. Quiznos has over 2100 branches spread throughout the United States as well as the rest of the world. The decision to file for bankruptcy came at a time when another food chain is also doing the same thing. Sbarro, the pizza company is in the same boat as Quiznos. 

In fact, the main issue facing these food chains is the ten thousand other eateries that have sprouted everywhere. This mushrooming of so many other enterprises has virtually bled Quiznos and Sbarro dry. Future growth would have been impossible without this desperate step taken by both. The plan for the times to come is simple enough. 

Mathis continued, "Our business plan includes several key elements aimed at supporting our franchisees, including reducing food costs, implementing a franchise owner rebate program, in certain circumstances making loans available to franchisees for restaurant improvements, investing in advertising to improve location awareness, and providing new incentives for prospective franchisees. We are also introducing new technology at the restaurants and taking other actions to help our franchisees operate their businesses more efficiently."

 

A reduction in food prices, a rebate scheme, loans for franchisees and advertising efforts are just a few of the things which need to be done. Furthermore, Quiznos will get $15 million in financial aid from its elderly supporters. So maybe things will get back to normal after all despite the shock of going bankrupt.    

Watch the Best Super Bowl 2015 Ads Online

You Might Also Like

Read the Latest

The Best Super Bowl 2015 Ads
Insurgent Super Bowl Trailer

Insurgent Super Bowl Trailer The Insurgent Super Bowl Trailer will air in the Pre-Game Super Bowl broadcast on NBC. Watch the trailer of new...

2 hours ago

Seventh Son Super Bowl Trailer

Seventh Son Super Bowl Trailer A Seventh Son Super Bowl Trailer is coming during the Big Game on Sunday.

2 hours ago

SpongeBob Super Bowl Trailer

SpongeBob Super Bowl Trailer The SpongeBob Movie: Sponge Out of Water gets a Super Bowl 2015 Trailer.

2 hours ago

Ted 2 Super Bowl Ad Trailer

Ted 2 Super Bowl Ad Trailer Universal is running a Ted 2 Super Bowl trailer. Watch the just released official Ted 2 trailer.

3 hours ago

Terminator Genisys Super Bowl Ad Trailer

Terminator Genisys Super Bowl Ad Trailer Paramount released the Terminator Genisys Super Bowl trailer online. Arnold Schwarzenegger is back as Terminator.

3 hours ago

Tomorrowland Super Bowl Ad Trailer

Tomorrowland Super Bowl Ad Trailer Disney is running a Tomorrowland Super Bowl trailer during the Big Game. Watch the teaser for the Tomorrowland Super...

4 hours ago

Volvo Contest hands out Free Cars for Watching Super Bowl Car Ads

Volvo Contest hands out Free Cars for Watching Super Bowl Car Ads There is no Volvo Super Bowl Ad, but Volvo has a Super Bowl plan to dominate Twitter during the Super Bowl. The Swedish...

4 hours ago

Sean Penn: ‘I’m surprised to be in love’

Sean Penn: ‘I’m surprised to be in love’ Sean Penn is in love and if he marries Charlize he will consider it his first marriage despite being married twice...

5 hours ago

Skechers Super Bowl 2015 Ad

Skechers Super Bowl 2015 Ad The Skechers Super Bowl 2015 Ad stars Pete Rose.

5 hours ago

Furious 7 Super Bowl Ad Trailer

Furious 7 Super Bowl Ad Trailer The Furious 7 gets a Super Bowl 2015 Ad trailer.

5 hours ago

Disney Princess Elena of Avalor: Latin or Latina?

Disney Princess Elena of Avalor: Latin or Latina? The Disney Princess Elena of Avalor pops the question as to whether she is Latin or Latina which are two different...

5 hours ago

Eddie Murphy Finally returns to SNL

Eddie Murphy Finally returns to SNL Eddie Murphy is finally returning to Saturday Night Live (SNL) for 40th Anniversary Special.

5 hours ago

Scandal presents Extremely Tragicomic Episode on Television

Scandal presents Extremely Tragicomic Episode on Television The series Scandal presents an extremely tragicomic episode on television for everyone to view.

6 hours ago

Suge Knight kills Man by driving Truck over him

Suge Knight kills Man by driving Truck over him Rap Mogul, Suge Knight killed a man by driving his truck over him. It was an intentional act and he is sought by the...

6 hours ago

Katy Perry Super Bowl Costume is a Security Risk?

Katy Perry Super Bowl Costume is a Security Risk? Homeland Security will not risk Katy Perry’s costume to be worn during her Super Bowl half time performance!

6 hours ago

Fire Alarms Go Off In New England Patriots' Hotel for Super Bowl 2015

Fire Alarms Go Off In New England Patriots' Hotel for Super Bowl 2015 A second false fire alarm went off inside the New England Patriots' hotel at 2 a.m. PT on Thursday, Jan. 29, per...

10 hours ago

Richard Sherman and Ashley Moss Expecting 1st Child During Super Bowl 2015 Week

Richard Sherman and Ashley Moss Expecting 1st Child During Super Bowl 2015 Week Seattle Seahawks cornerback Richard Sherman and girlfriend Ashley Moss are expecting their first child during Super...

13 hours ago

Fiat Chrysler will have Three Super Bowl 2015 Ads

Fiat Chrysler will have Three Super Bowl 2015 Ads The most secretive of all car brands in regards to Super Bowl Ads has just revealed that there will be stunning three...

15 hours ago, 4:02pm CST

Minions Super Bowl 2015 Ad

Minions Super Bowl 2015 Ad The new Minions Movie got a Super Bowl ad, but it is not your typical Super Bowl Movie trailer. It is a special made...

17 hours ago, 2:26pm CST

Dish AutoHop Lets You Skip the Super Bowl Game and Just Watch the Ads

Dish AutoHop Lets You Skip the Super Bowl Game and Just Watch the Ads DISH AutoHop feature on the Hopper can be reversed and you can skip the Super Bowl Game instead of the Commercials.

17 hours ago, 2:03pm CST

Always Super Bowl 2015 Ad

Always Super Bowl 2015 Ad Always, a feminine care brand, will air a 60-second Super Bowl 2015 Ad in its #LikeAGirl campaign. Watch the Always...

18 hours ago, 1:55pm CST

Snickers Super Bowl 2015 Ad The Brady Bunch is Hysterical

Snickers Super Bowl 2015 Ad The Brady Bunch is Hysterical Snickers has just topped its classic Betty White Super Bowl Ad with the Snickers Super Bowl 2015 Ad staring Danny Trejo...

18 hours ago, 1:20pm CST

Mophie Super Bowl 2015 Ad shows when God runs out of Power

Mophie Super Bowl 2015 Ad shows when God runs out of Power The Mophie Super Bowl 2015 Ad has been released online and it is very creative. Watch below.

19 hours ago, 12:56pm CST

Nintendo Creators Program now available in beta

Nintendo Creators Program now available in beta Creators are now entitled to a share of the ad revenue from Youtube videos

20 hours ago, 11:58am CST

Nokia's report shows a financially strong Q4 2014

Nokia's report shows a financially strong Q4 2014 Despite recent restructuring, Nokia has been able to get back on its feet

20 hours ago, 11:53am CST

LG announces annual financial results

LG announces annual financial results Q4 was disappointing with a $189m loss as a result of the closure of its Plasma TV division

20 hours ago, 11:50am CST

Qualcomm sees lower earnings outlook for the year ahead

Qualcomm sees lower earnings outlook for the year ahead The predictions warn of a challenging year for the company after rumors imply that Samsung will no longer be a customer...

20 hours ago, 11:45am CST

Budweiser Super Bowl Lost Dog Ad Behind the Scenes Videos

Budweiser Super Bowl Lost Dog Ad Behind the Scenes Videos Watch a series of behind the scenes videos of the Budweiser Super Bowl Puppy ad that took social media by storm...

22 hours ago, 9:03am CST

Comments

blog comments powered by Disqus