D&G Investors The brand - which operates just under 300 stores - is now owned by D&G Investors, a new company jointly owned by SSCP Management and Gala Capital Partners. The transaction was part of a pre-packaged and expedited bankruptcy process. The move came after D&G acquired $81.6 million in debt from Cicis previous lenders.

Cici's revenue declined about 57% to $76.3 million with an adjusted EBITDA of negative $2.7 million in 2020, Cici's Chief Financial Officer Richard Peabody said in a court filing. Comparatively, its revenue was $177.3 million and adjusted EBITDA was positive $14.2 million in 2019.

He cited a number of factors leading to the Chapter 11. "We had $83 million in bank debt, owed to four banks, and as the volumes of the stores dropped in the pandemic, and we lost 100 stores in the pandemic, during that time the company wasn't worth $83 million," he said at the time.

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. The Irving, Tex. -based chain was sold to D&G Investors in a credit deal.

Cicis was founded in 1985 by Joe Croce and Mike Cole in Plano, Texas. In 2001, with 363 restaurants at the time, the chain expanded its buffet offerings and began remodeling restaurants. Four years later, Cicis had more than 500 locations, and was the fastest-growing pizza chain in the United States.

Beyond Pizza. The new branding - Cicis - removes the chain name's apostrophe and replaces the previous tagline of “Better. Believe It.” with “Beyond Pizza.”

Domino's is the largest pizza chain in the world in terms of revenue and second in terms of stores opened.

Domino's Pizza, Inc. According to Statista's data for the year 2021, Domino's Pizza, Inc. (NYSE:DPZ) emerged as the top pizza restaurant in the US, boasting sales amounting to around $8.64 billion.

Sunil Dharod has something of a golden touch when it comes to restaurants. The Dallas-based, multi-concept franchisee, known by some as “The Ferrari Guy” for his love of the Italian sports car, has a track record of buying restaurants and lifting their sales almost immediately.

Joe Croce and Mike Cole opened their first pizza joint in Plano, Texas in 1985, using the name Cici's because both their names started with the letter C. (Contrary to popular belief, they never left the pizza business to open a music factory.)

The Global Pizza market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Pizza is a famous Italian food.

On March 16, 2021, Cicis emerged from bankruptcy and completed its sale to D&G Investors, an affiliate of SSCP Management and Gala Capital Partners.