The largest owner of franchises for Coppell-based CiCi’s Pizza has filed for bankruptcy reorganization, tossing the future of 55 restaurants — including some in Houston — up in the air.
Dallas-based Winmar Pizza LP filed for Chapter 11 bankruptcy protection in May. Winmar listed its assets as $1 million to $10 million and liabilities in the same range.
CiCi’s CEO Craig Moore says Winmar’s bankruptcy filing does not impact the corporate office, which oversees 20 corporate-owned stores nationwide and provides guidance to franchisees across the nation. The bankruptcy affects only 55 of the more than 600 CiCi’s Pizza restaurants across the United States, he says.
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