Cicis pizza buffet announced that it has successfully emerged from chapter 11 protection, FoxBusiness.com reported. The company has reorganized its corporate team, company operations and financial structure alongside an acquisition by D&G Investors. Cicis confirmed that it had entered into an agreement to sell itself to D&G Investors in early February. The growing popularity of food delivery has been a problem for Cici’s, especially since the COVID-19 pandemic has forced many diners across the country to stay home. The chain has relied primarily on an in-person, all-you-can-eat buffet model, the company said in a court filing, according to the report. Before the COVID-19 pandemic, dine-in customers accounted for 86% of Cici’s business.
