Restaurant Chain Mod Pizza Prepares Potential Bankruptcy (1)

Fast-casual restaurant chain Mod Pizza is preparing a potential bankruptcy filing, according to people with knowledge of the matter.

The company may enter court protection as soon as next week, said one of the people, who asked not to be identified because discussions are private. Talks aren’t final and plans could change, they added.

“We’re working diligently to improve our capital structure and are exploring all options to do so,” a Mod Pizza spokesperson said in an emailed statement.

A MOD Pizza LLC restaurant stands in Mount Prospect, Illinois, U.S., on Monday, July 15, 2019.

Photographer: Christopher Dilts/Bloomberg

The company has more than 500 locations across the US and got its start in 2008 in Seattle. Known ...