"The parent company of Pieology filed for Chapter 11 bankruptcy protection on Tuesday in California, stating that its debts exceed its assets by at least double. The filing lists over 200 creditors, including many landlords and vendors. The chain, founded in 2011, built its reputation on letting customers "craft" their own pizzas, calzones, and other foods. By 2022, it was boasting 130 locations in a press release announcing Shawn Thompson, a former Tim Hortons executive, as its CEO."
"In addition to the bankruptcy filing for Pieology's parent company, The Little Brown Box Pizza, Chang is also seeking bankruptcy protection for a company called Kustom Partner, which appears to be the administrative arm of Pieology. The two companies filed for a form of Chapter 11 designed for small businesses that allows them to keep operating while they restructure their debts under court supervision."
Pieology's parent company, The Little Brown Box Pizza, filed for Chapter 11 bankruptcy in California after debts were reported to exceed assets by at least twofold and more than 200 creditors were listed, including landlords and vendors. The chain, founded in 2011, built a business around customizable pizzas and related items and reported 130 locations in 2022, though its website now lists roughly 40 locations across several states and territories. An affiliated company, Kustom Partner, also sought bankruptcy protection. Both filings used a small-business Chapter 11 form allowing continued operations during debt restructuring under court supervision.
Read at Business Insider
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