Quiznos Files for Bankruptcy
But chain says it will be business as usual for its stores
By Newser Editors and Wire Services
Posted Mar 14, 2014 1:46 PM CDT
File photo of a Quiznos store.   (AP)

(Newser) – Quiznos has filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million. The sandwich chain said today that it voluntarily filed to reorganize to put a restructuring plan into place. Quiznos says customers won't notice. The company owns and operates only seven of the nearly 2,100 Quiznos restaurants; the rest are owned operated by franchisees and will continue operating as usual. Quiznos says the restructuring plan has been approved by its creditors, and it expects to emerge from restructuring quickly. Still, it's a far cry from the days when the chain seemed to pose a legitimate threat to Subway, notes CNNMoney. Earlier this month, Sbarro filed for bankruptcy protection, too.

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Showing 3 of 53 comments
Ezekiel 25:17
Mar 16, 2014 12:14 PM CDT
As paper thin sandwich shops go they are a slice better than Subway. I just don't like it that all these companies like Jimmy Johns, Jersey Mikes, and the likes all use the same paper thin meats. If you ever get a true NY style deli sandwich you cannot even fathom these poorly made excuses. I point to Jason's Deli. Each sandwich is priced right in line with Subway and each one has an inch of meat from the Boars Head line. They also have a killer salad bar with the drop dead humus dip. They won't give me the recipe but I've come close to it.
WarmWeatherGuy
Mar 16, 2014 10:43 AM CDT
I guess it is hard to conquer, even with an unfair advantage.
Eco_101
Mar 16, 2014 10:05 AM CDT
Life is like a totem pole. When at the bottom expect droppings from above !