Quiznos said yesterday that it has emerged from bankruptcy after restructuring its finances, the Associated Press reported yesterday. The toasted sandwich chain filed for chapter 11 protection in March and reduced its debt by more than $400 million. CEO Stuart Mathis said that it plans to increase sales by revitalizing the brand and reinforcing itself as a place for a "fresh, high-quality and great-tasting alternative to traditional fast food offerings." The Denver company owns and operates only seven of the nearly 2,100 Quiznos restaurants around the country. The rest are owned and operated by franchisees and weren't part of the bankruptcy proceedings. Quiznos provides franchise owners with training, store designs and marketing support.
