US – CiCi’s Holdings Inc. on Monday filed for Chapter 11 bankruptcy protection after COVID-19 restriction have limited in dining, and food-delivery has soared.
The privately-owned parent company of the buffet chain CiCi’s also announced its sale to its primary lender, D&G Investors, CNBC reported.
Cici’s currently owns 318 locations in 26 states, in its heyday it operated twice that at 650 restaurants in 2010.
New ownership has not given details on how they will restructure the locations. Cici’s is famous for its 5 dollar pizza.