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What happens to the franchise stores when the parent company goes bankrupt?

Not sure in their case. But the Sbarro's around here all turned into generic pizza places, as far as I can tell everything tastes about the same.

Huh? Sbarro's still exists...

Yeah, I think they just closed a couple hundred locations during one of their bankruptcies.

Yea man! It's my favorite pizza place in NYC :)

If THAT's your favorite pizza in NYC, of all places, ... well, you need to sample the local wares more. Or you have no idea what "pizza" means.

Depends upon thheir agreement, and who winds up with the RS assets. Franchisees might have to replace the signage.