DENVER — Quiznos’ threat of bankruptcty has come to an end. The company emerged from its Chapter 11 bankruptcy protection when $400 million was slashed from its debt.
Since the chain’s leaders filed for bankruptcy protection of seven corporately owned stores in March, they have been working at enhancing and revamping the brand. “With our financial restructuring behind us, we now have a stronger foundation to execute our comprehensive plan to strengthen performance, revitalize the Quiznos brand and reinforce its promise as a fresh, high-quality and great-tasting alternative to traditional fast-food offerings. We sincerely appreciate the support of our franchisees, employees and vendors, who enabled us to continue providing Quiznos customers with high-quality menu offerings and superior service throughout this process,” said Stuart K. Mathis, CEO.
There are nearly 2,100 Quiznos’ restaurants in more than 30 countries.