This major pizza franchisee owner may shutter – Business News
Another one bites the mud. Domino’s, the nation’s largest pizza eating chain, joins the ranks of pizza giants whose franchisees have filed for chapter, leaving many SoCal places in major limbo.
San Diego’s North County Pizza Inc. has reported liabilities between $1 million and $10 million.
Domino’s, the nation’s largest pizza eating chain, joins the ranks of pizza giants whose franchisees have filed for chapter. Getty Images
North County Pizza Inc. filed for chapter within the U.S. Bankruptcy Court for the Southern District of California on March 11, with plans to restructure its debt below chapter safety, the US Sun reported.
Meanwhile, no purpose was given for the chapter, and it’s unclear whether or not any jobs will probably be misplaced.
The submitting comes after Domino’s introduced in September plans to close 36 places as a consequence of rising prices. AP
The submitting comes after Domino’s introduced in September plans to close 36 places as a consequence of rising prices, in line with its web site.
Domino’s Pizza CEO Russell Weiner admitted that “more lower-income customers are opting to eat at home amid economic pressures that are limiting their spending during a 2025 earnings call,” The Street reported in 2025.A Chapter 11 chapter provides struggling firms a shot at a comeback — letting them restructure money owed whereas retaining the lights on, in line with the U.S. Courts web site.
That means these Domino’s places, run by North County Pizza, Inc., may keep working whereas the company tries to dig out of the financial gap.
Domino’s Pizza CEO Russell Weiner. The Clorox Company
“I think just in general, consumer disposable income is down, and their confidence levels, they are also down to kind of 2022 levels,” mentioned Weiner.
“And so just in general, right now, there’s a headwind on the total business.”
The submitting lands as America’s pizza and fast-food chains are getting sliced left and proper.
Earlier this 12 months, Yum! Brands CEO Chris Turner dropped the bombshell that roughly 250 Pizza Hut places are set to close down.
Blaming sluggish gross sales, execs mentioned the company is axing weak shops in a “targeted” push to revive the struggling model.
The closures — anticipated to hit within the first half of the 12 months — will trim about 3% of Pizza Hut’s footprint nationwide, in line with studies.
