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Quiznos files for bankruptcy protection

Business Willmar,Minnesota 56201
West Central Tribune
Quiznos files for bankruptcy protection
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling with high debt and stiff competition for years.

The chain, known for pioneering the concept of toasted subs, said the restructuring would cut its debt by more than $400 million.

All except seven of its nearly 2,100 restaurants are independently owned and operated by franchisees and will not be affected by the bankruptcy, the company said in a statement.