Michael R. Shumsky, recently appointed CEO of CiCi's Pizza, announced in a statement a restructuring plan to better position the company for growth and success in 2010 and beyond. The restructuring has resulted in new organizational realignments to better support CiCi's franchisees, provide an industry leading experience for its guests and own the value position in the pizza segment.
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Showing posts with label CiCi's. Show all posts
Showing posts with label CiCi's. Show all posts
Friday, January 8, 2010
Monday, July 6, 2009
Largest CiCi's Pizza franchisee files for Chapter 11
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.
Read more:
http://www.bizjournals.com/houston/stories/2009/07/06/story12.html?ana=from_rss
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.
Read more:
http://www.bizjournals.com/houston/stories/2009/07/06/story12.html?ana=from_rss
