Pizza lovers has been growing across the world for its mouth-watering tastes and appearance. Over the last few decades the small pizza restaurants has expanded its geographies to serve the pizza lovers all over the world. The top pizza restaurant brands are Domino's Pizza, Pizza Hut, Papa John's, Chuck E Cheese, Little Caesars followed by Cicis Pizza, California Pizza Kitchen, Papa Murphy, Godfathers and Sbarro. Through innovation in product and combination of toppings to serve the customers with different tastes, Pizza industry has been significantly pulling people to its restaurants. Here is the list of the top 10 pizza restaurant brands in the world 2016.
Sbarro LLC is a chain of pizza restaurants founded in 1956 as an Italian Salumeria in Brooklyn, New York, Unites States by Gennaro and Carmela Sbarro.
It serves pizza, pasta and salads in all their restaurant chains, and is extremely popular withpizza lovers. Over 60 years of service, Sbarro has been expanded to 33 countries across the world with 800 restaurants, and it has brought the Italian favorites to the customers worldwide.
Sbarro opened stores in Airport, Shopping Malls, College campuses and service areas. In 2007, MidOcean Partners, a private equity firm bought Sbarro for 417 million US dollars. Later, in 2010, the management team has seen a major change with the appointment of Nicholas McGrane as Chief Executive Officer. Within few months, Sbarro has accumulated over 350 million US dollar debt.
In 2011, Sbarro applied for Chapter 11 bankruptcy due to its financial trouble. The underlying reason for the trouble lies in its strategy of selling mediocre pizza at the right place and at right time. The owners of the real estate extract much from the customers they attract leaving the restaurant chain in trouble. With high rents and declining footprints in the in the shopping mall, the revenue of Sbarro has declined. Within 100 days, Jim Greco has turned up the financial trouble through its new strategy and closed 182 US stores. Sbarro has plans to open 50 new restaurant stores in next stores. The logo of Sbarro was changed with red, white and green colour resembling the Italian flag with Sbarro written at the white part of the logo. Sbarro has brought many changes in the menu to attract the customers it has lost during the period of bankruptcy.