|Founded||Brooklyn, New York City, New York, U.S. (1956)|
|Headquarters||Melville, New York, U.S.|
|Number of locations||Over 1,000|
|Key people||J. David Karam, CEO and President
Carolyn Spatafora, CFO
Anthony J. Missano, President Business Development
Stuart M. Steinberg, General Counsel
Gennaro and Carmela Sbarro (founders)
|Products||Italian-American cuisine, pizza, pasta, salads|
|Revenue||$476 million (2010)|
Sbarro was founded by Gennaro and Carmela Sbarro. The couple and their three sons, Joseph, Mario, and Anthony immigrated to America from Naples, Italy, in 1956 with help from the Padovani family, who took them in. They gave Gennaro employment in their deli. The same year, the Sbarro family opened their first Salumeria (an Italian grocery store) at 1701 65th Street and 17th Avenue in Bensonhurst, Brooklyn, New York, which became popular for its fresh food and genuine Italian fare. Their Sbarro Italian Delicatessen in Brooklyn was well received by the local community and was the first of a successful chain.
The success of the Sbarro Salumeria led to the opening of additional locations throughout the New York City metropolitan area. In 1970, Sbarro opened its first mall-based restaurant in Brooklyn's Kings Plaza Shopping Center, marking the beginning of the modern Sbarro concept: Italian food in an open kitchen that allowed for fast self-service. One of their busiest outlets was located in the World Trade Center mall.
Since 1970, the Kings Plaza business model has expanded throughout the U.S. and over 44 countries around the world. In early 2007, Sbarro was acquired by MidOcean Partners, a private equity firm with offices in New York and London. In 2008, Sbarro was rated the #1 Quick Service Restaurant in the Italian segment by Entrepreneur magazine. It has held this title multiple times over the years.
The company filed for Chapter 11 bankruptcy protection on April 4, 2011, listing assets of $471 million and debt of $486.6 million. At the time it was ranked by Pizza Today as the country's fifth largest pizza chain. It was the third large pizza chain to declare bankruptcy in less than a year. Earlier Round Table Pizza (ranked #10) and Uno Chicago Grill (ranked #11) through its parent Uno Restaurant Holdings filed bankruptcy. Uno has reemerged. In November 2011, it was reported that Sbarro had been granted court approval to emerge from bankruptcy under a plan requiring restructuring and ceding ownership to lenders.
On March 15, 2012, Sbarro announced a franchise agreement, with Upper Crust Foods Pvt. Ltd., to open restaurants in the Indian state of Maharashtra. The franchisee will develop and operate the restaurants. The first outlet opened in Chembur, Mumbai.
In February 2014, the chain announced it would close 155 locations in North America, following a Standard & Poor's report that described the company's financial structure as "unsustainable" and suggested the possibility of a restructuring, "selective default", or another bankruptcy filing.
On March 10, 2014, the chain filed for chapter 11 bankruptcy.
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- "History". Sbarro, Inc.
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- Kary, Tiffany (2011-04-04). "Sbarro, Mall Restaurant Chain, Seeks Bankruptcy Protection". Bloomberg. Retrieved 2011-04-11.
- Karp, Gregory (2011-04-10). "Pizza restaurants feeling bite from consumer options". Los Angeles Times.
- Stych, Ed (18 Nov 2011), "Sbarro pizza gets court approval to exit bankruptcy", Minneapolis/St. Paul Business Journal, retrieved 21 Dec 2011
- Sbarro - News
- Franchise News | Latest Franchise News | Looking For Franchise Business - Franchise India
- Restaurant Review: Panki, Sbarro - Hindustan Times
- Lauren Coleman-Lockner, "Sbarro Closing 155 North American Locations in Comeback Bid", Bloomberg News, February 19, 2014.
- "Sbarro Files for Chapter 11 Bankruptcy"
- "Mama". Sbarro. Retrieved 2011-04-11.
- "Carmela's of Brooklyn". Sbarro. Retrieved 2011-04-11.
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