Sbarro Inc., the pizza chain owned by buyout firm MidOcean Partners, may seek bankruptcy protection after missing interest payments on its debt, said a person familiar with the process.
The filing may come as early as next week, said the person, who declined to be identified because the deliberations are private. New York-based MidOcean bought the pizza chain in 2007, according to Sbarro’s website. The company is still examining options on how to restructure debt.
Sbarro, led by interim Chief Executive Officer Nicholas McGrane, owns or franchises more than 1,000 fast-food Italian restaurants.