California-Based Pizza Chain Files for Bankruptcy

California-based pizza chain files for bankruptcy

Editor's note: This article has been updated to correct the Chang family connection to the company. A California-based pizza chain founded by the brother of former tennis champion Michael Chang and once backed by NBA star Kevin Durant has filed for bankruptcy as it continues to shutter stores across the United States, Business Insider reports. [...]

Pieology files for Chapter 11 bankruptcy after turnaround fails

The fast casual pizza chain said it had a plan to revive dozens of underperforming stores, but investors backed out.

Pizza chain once backed by NBA star Kevin Durant hits bankruptcy court

Kevin Durant (L) next to a Pieology storefrontGetty Images/BI compositePieology, once backed by Kevin Durant, has filed for Chapter 11 bankruptcy protection.The pizza chain, founded by tennis star Michael Chang's brother, faces debts that exceed its assets.Pieology plans to keep operating during bankruptcy as it seeks a court-approved repayment plan.A pizza chain founded by the brother of tennis star Michael Chang, and once backed by NBA superst…

Pieology Pizza files for bankruptcy

The California-based chain’s sales declined by more than 10% in 2024

Pieology Pizzeria Files for Bankruptcy - Orange County Business Journal

The parent company of Irvine-based Pieology Pizzeria, a pioneer in the once fast-growing build-your-own pizza category, filed for Chapter 11 bankruptcy this week. The Little Brown Box Pizza LLC filed its bankruptcy protection petition in the U.S. Bankruptcy Court, Central District of California, on Monday evening. The petition was signed by company founder and chairman Carl Chang, who launched the first Pieology outlet in Fullerton near the loca…