Major pizza chain reportedly considering bankruptcy

A major pizza chain with more than 500 locations across the U.S. is considering filing for bankruptcy, according to reports.

Bloomberg reported Mod Pizza, known for its build-your-own custom pizza and salad options, may seek bankruptcy protection as soon as next week. The talks aren’t final and those plans could change, reports indicate. It’s unclear if the bankruptcy would mean closures of the restaurant chain’s existing locations.

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“We’re working diligently to improve our capital structure and are exploring all options to do so,” a Mod Pizza spokesperson said in an emailed statement to the website.

Started in Seattle in 2008, Mod Pizza now has locations in 28 states, including Alabama.

Mod Pizza sales topped $700 million last year and was once one of the country’s fastest-growing restaurant chains. It previously had announced plans to have 1,000 locations by 2024.