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Domino’s Pizza franchisee files for bankruptcy putting store in tourist hotspot at risk
A Domino’s Pizza franchisee, North Country Pizza, Inc., which operates a single store in Oceanside, California, has filed for Chapter 11 bankruptcy protection. The company estimates liabilities between $1 million and $10 million, with over $3.3 million owed to its top 20 creditors, including Domino’s itself. This filing occurs despite Domino’s CEO expressing optimism about the company’s performance and market share growth, and follows Yum! Brands’ announcement to close 250 underperforming Pizza Hut stores.