Fast-food pizza chain Sbarro LLC, which emerged from bankruptcy protection about 14 months ago, has tapped restructuring advisers amid business struggles, the Wall Street Journal reported today. Closely held Sbarro, which carries roughly $150 million in debt, recently enlisted restructuring lawyers at Kirkland & Ellis LLP and bankers at Moelis & Co., these people said. There are roughly 1,000 Sbarro restaurants across 30 countries, according to its website. The majority of its more than 600 U.S. restaurants are located in food courts and airports. The chain, based in Melville, N.Y., filed for bankruptcy in April 2011 and emerged in November 2012, cutting its debt roughly in half. A bankruptcy filing by the company is not imminent, according to those familiar with the hiring of the restructuring advisers.
