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Quiznos sandwich chain emerges from bankruptcy

Published July 1, 2014 10:17 am

Chapter 11 • Most of its 2,100 restaurant franchisees are not impacted by bankruptcy.
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Denver • Quiznos said Tuesday it has emerged from bankruptcy after restructuring its finances.

The toasted sandwich chain filed for Chapter 11 bankruptcy protection in March and reduced its debt by more than $400 million.

CEO Stuart Mathis said it plans to increase sales by revitalizing the brand and reinforcing itself as a place for a "fresh, high-quality and great-tasting alternative to traditional fast food offerings."



The Denver company owns and operates only seven of the nearly 2,100 Quiznos restaurants around the country. The rest are owned and operated by franchisees and weren't part of the bankruptcy proceedings.

Quiznos provides franchise owners with training, store designs and marketing support.

Quiznos sells warm sandwiches, salads and wraps. It added pasta dishes, such as lobster macaroni and cheese and chicken pesto, to its menu earlier this year.

 

 

 

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