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Tuesday, April 5, 2011

ARE WE SAYING GOODBYE TO SBARRO?


I LOVE SBARRO! But is it really saying goodbye?

It makes me panic to know that Sbarro Inc. have filed for bankruptcy protections. Thinking of their salivating pizza's, pasta's and all other Italian dishes they serve, it really is a loss if they finally decide to close up.

I just can't believe that in every corner of the world, its getting harder and harder to live by. Even big companies and rich countries are affected by recession. Imagine Sbarro having a total asset of $471 million and about $486 million in debt?! Management says its due to the increase in cheese and flour plus the drop in mall traffic that hurts Sbarro the most. Good news is they have plans of reorganizing and that they have come up with half of the debt to get rid of it. There will be restructuring and hopefully things will work out well for them. With approximately 5000 employees in all 40 coutries it is operations, they better make it work!!! NOT FORGETTING THE FACT THAT PEOPLE LIKE ME LOVES THEM WAY TOO MUCH...THEY JUST CAN'T LEAVE!!!

1 remarks:

Dhemz said...

wow! very interesting...thanks for sharing...great to be here!

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