49-year-old favorite pizza chain files for Chapter 11 bankruptcy

The pizza restaurant trade is among the best eating sectors within the U.S., with two pizza giants rating among the many Prime 8 of all fast-food chains primarily based on areas in 2025.

Domino’s had the sixth-most variety of areas with 7,014, behind Subway (19,502), Starbucks (16,935), McDonald’s (13,559), Dunkin’ (9,768), and Taco Bell (7,604). Pizza Hut had the eighth most areas with 6,557, behind No. 7 Burger King (6,701), in keeping with QSR Journal’s 2025 QSR 50 launched in August.

• Subway, 19,502

• Starbucks, 16,935

• McDonald’s, 13,559

• Dunkin’, 9,768

• Taco Bell, 7,604

• Domino’s, 7,014

• Burger King, 6,701

• Pizza Hut, 6,557

Domino’s expects to proceed its dominance and add a complete of 175 new franchise models, in keeping with its third quarter of 2025 earnings name.

“I believe the urge for food from franchisees continues to be very robust, which is why the pipeline visibility this yr, frankly, is a bit of bit higher than final yr on the similar time, and we’re very assured of the 175 shops we’re speaking about for this yr,” Domino’s Chief Monetary Officer Sandeep Reddy stated within the earnings name.

Pizza eating places have confronted extreme financial headwinds this yr, as a number of chains have handled fierce competitors, in addition to rising labor and meals prices and excessive lease charges requiring a number of corporations to launch out-of-court restructurings, shut areas, and in some instances file for chapter.

Seattle-based chain Mod Pizza had about 500 areas in 2024 and closed 27 shops earlier than the corporate was bought to Chatsworth, Calif.-based Elite Restaurant Group. The corporate has continued closing areas in 2025 and at present lists 450 shops on its web site.

Franchisees of the highest pizza chains have confronted monetary misery and filed for chapter, together with Domino’s operator Individuals First Pizza Inc., which filed Chapter 11 on March 26, 2025, and Little Caesars franchisee Crimson Door Pizza LLC, which filed its petition on July 15, 2025.

Smaller pizza restaurant chains typically file for Chapter 11 chapter safety when they’re dealing with financial hardship.

Among the many small pizza chains to file for Chapter 11 chapter in 2025 have been Zeppe’s Tavern, with 13 areas, on March 31, 2025; and Bertucci’s Eating places with 15 areas on April 24, 2025.

A Phoenix-based pizza chain, Fired Pie, launched in 2013 and grew to twenty areas by 2019 earlier than the Covid pandemic impacted the restaurant trade in 2020 and the corporate started closing shops.

Fired Pie filed for Chapter 11 chapter on Nov. 13, 2024, after shrinking to 14 areas and since then has decreased in dimension to 9 Arizona areas, with two every in Phoenix, Scottsdale, and Glendale, and as soon as every in Chandler, Gilbert, and Mesa, in keeping with its web site on Oct. 26, 2025.

Extra chapter:

The corporate didn’t point out particular causes for submitting for chapter final yr.

And now, one other widespread Arizona-based pizza chain has filed for Chapter 11 chapter with out indicating a cause for submitting.

Streets of New York Inc., which has been the official pizza of the Arizona Diamondbacks and Phoenix Suns, filed for Chapter 11 chapter to reorganize its enterprise.

The Phoenix-based pizza chain filed its petition within the U.S. Chapter Courtroom for the District of Arizona on Oct. 16, itemizing $100,000 to $1 million in property and liabilities, in keeping with Bankruptcy Observer.

The debtor didn’t point out a particular cause why it filed for chapter in its petition.

The chapter court docket, nevertheless, on Oct. 17 filed a deficiency discover with the debtor and the debtor’s counsel, revealing that every one required paperwork had not been filed with the court docket.

Chief Decide Eddward P. Ballinger signed an order on Oct. 24 dismissing Streets of New York’s Chapter 11 case due to lacking paperwork, in keeping with the docket reported by each Inforuptcy and PacerMonitor.

Streets of New York might want to refile a chapter petition if it seeks to pursue a case. The debtor was not instantly accessible for remark.

The family-owned pizza chain, which was established in 1976, operates 16 areas, with 15 in Arizona and one in Las Vegas. The restaurant focuses on a wide range of New York-style pizzas, calzones, lasagna, baked ziti, cheese ravioli, rooster parmigiana, and spaghetti and meatballs.

Streets of New York additionally gives a wide range of sub sandwiches, soups, salads, appetizers, and desserts

• New York-style pizzas

• Calzones

• Lasagna

• Baked ziti

• Cheese ravioli

• Rooster parmigiana

• Spaghetti

• Meatballs

• Sub sandwiches

• Soups

• Salads

• Appetizers

• Desserts

Associated: Key car lender recordsdata for Chapter 11 chapter

This story was initially reported by TheStreet on Oct 26, 2025, the place it first appeared within the Restaurant part. Add TheStreet as a Preferred Source by clicking here.