| | Could Quiznos Go Belly Up? |  |
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+6Tony Marino Nystyle709 CeCe Cheaps Forgiveness Man Chris 10 posters |
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Chris
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| | Subject: Could Quiznos Go Belly Up? Wed Jul 27, 2011 10:30 am | |
| Are you a fan of Quiznos? http://www.huffingtonpost.com/2011/07/21/quiznos-bankruptcy_n_905864.html - Quote :
- Could Quiznos Go Belly Up?
First Posted: 7/21/11 02:16 PM ET Updated: 7/22/11 12:19 PM ET
According to the Wall Street Journal, sandwich chain Quiznos has shut 1500 of its 5000 stores—30%—in the past year, and now faces serious risk of bankruptcy. The paper blamed a leveraged buyout five years ago for many of the the company's woes. The authors also note that Quiznos's relatively high-end product has had trouble competing against cheaper rival Subway in the middle of a recession.
Quiznos has already begun to acknowledge its problem. In early July, it hired a Wall Street firm to help them restructure their debt. And its owners added $50 million of capital to the company to avoid a near-term default.
Quiznos was not eligible for listing as one of the 14 restaurant chains most likely to go under by the Street in late June, because, unlike those, it is not a publicly traded company.
Here's a video on the issue:
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Forgiveness Man
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 10:55 am | |
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Cheaps
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 11:00 am | |
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CeCe
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 11:16 am | |
| I'm not crazy about subs. In this economy any company could go belly up. | |
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Nystyle709
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 11:28 am | |
| Don't care for them. They are expensive as hell and aren't that good anyway. They're going belly up because noone should pay ten fucking dollars for a footlong. | |
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Tony Marino
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 11:54 am | |
| The one that used to be by me closed recently. | |
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Alan Smithee
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Nhaiyel
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| | Subject: Re: Could Quiznos Go Belly Up? Wed Jul 27, 2011 5:24 pm | |
| I can believe it. Quiznos was my favorite sub shop a few years ago, but Subway quickly got their ish back together; refreshed their menu, and started offering their famed $5 footlongs. Quiznos became stale. | |
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FireIce918
…is Authorized.
Join date : 2010-06-22
Location : VA
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| | Subject: Re: Could Quiznos Go Belly Up? Thu Jul 28, 2011 1:09 am | |
| That sucks. They ARE a bit too expensive, but I used to love their toasted italian sub with onions (which always made me smell like a shoe for a day but it was SOOO worth it). Might have to pick one up tomorrow and hope no one asks me out on a date.... | |
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wants2laugh
…is a Power Member.
Join date : 2011-07-10
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| | Subject: Re: Could Quiznos Go Belly Up? Thu Jul 28, 2011 1:26 am | |
| I really liked the soup over sourdough bread.... ours closed tho | |
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Nystyle709
...is a 20G Chamber DIETY.
Join date : 2010-03-16
Location : New York
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| | Subject: Re: Could Quiznos Go Belly Up? Thu Jul 28, 2011 10:04 am | |
| - wants2laugh wrote:
- I really liked the soup over sourdough bread.... ours closed tho
Bout the only thing quiznos had that's worth anything. Their soup in beard was pretty good. Still expensive. | |
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