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Why did Cicis pizza close?
The company defaulted on a credit agreement last year after COVID-19 regulations and the resulting economic fallout hurt sales. On-site dining has traditionally made up more than 85% of sales at CiCi’s restaurants, according to court papers.
What happened Cici’s Pizza?
Buffet chain Cici’s has filed for Chapter 11 bankruptcy protection and announced its sale to D&G Investors, its primary lender. While the coronavirus pandemic has lifted sales for pizza chains like Papa John’s, Domino’s Pizza and Yum Brands’ Pizza Hut, buffet-style restaurants like Cici’s saw their sales plunge.
Cicis Pizza emerged from bankruptcy protection this week, less than two months after it declared Chapter 11, with new owners and a hope that consumers will return to the dine-in service in which it specialized before the pandemic.
What is the Cici’s Pizza Challenge?
Two people must eat a 28-inch Cicis pizza and two 32-ounce sodas within 60 minutes. No bathroom breaks, standing up, or throwing up is allowed. Prizes, depending on Cicis location, range from $300 and free pizza once a month for a year to $500.