Quiznos Files for Bankruptcy Protection

First, Sbarro. Now, Quiznos.
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Cheyenne, WY (KGWN) - The Huffington Post is reporting that Quiznos filed for bankruptcy protection on Friday.
Quiznos, which has a shop in downtown Cheyenne, had been struggling with hundreds of millions of dollars of debt, deteriorating sales and thousands of store closures.
By filing for Chapter 11 bankruptcy filing, the chain is trying to grapple with its $570 million debt.
Most of the company's stores are "independently owned," according to Fox Business, which complicates how the filing will affect individual stores.
No word yet on the fate of the Cheyenne location.

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