Popular pizza chain with several Illinois stores announces new owner amid bankruptcy fears ...Middle East

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Popular pizza chain with several Illinois stores announces new owner amid bankruptcy fears
source : NBC Chicago ( Middle East ) () 37
A popular pizza chain with nearly two dozen Illinois locations has announced new ownership as the company faced bankruptcy fears. MOD Pizza announced this week that Elite Restaurant Group has “acquired 100% of the equity of the company” following a merger agreement between MOD and an affiliate of Elite. “MOD has an outstanding culture and passionate, loyal guests and employees,” Michael Nakhleh of Elite Restaurant Group said in a statement. “We recognize the inherent value this represents and look forward to helping MOD write the next chapter in its history.” MOD, a fast-casual pizza and salad restaurant, own and operate restaurants in 28 U.S. states, including 22 in Illinois

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