A popular pizza chain that has most of its locations in Texas, is facing multiple closures!

food photographer via Unsplash
food photographer via Unsplash
loading...

MOD Pizza, or “Made on Demand” Pizza, is a fast-casual restaurant chain selling “fully customizable” individually sized pizzas. However, rumors of a bankruptcy filing began to float around after 26 locations were closed due to "underperforming".

MOD Pizza has about 512 locations and most of their locations are in Texas with a total of 113 locations across the lone star state. Locations were shut down in 11 states- luckily, none of those closures were in Texas. But that didn't seem to qualm any Texan's fears.

Getty Images
Getty Images
loading...

But a new report from USA Today shared the news that MOD Pizza has a new owner. According to a news release from MOD Pizza, Elite Restaurant Group acquired 100% of the equity of MOD Pizza under a merger agreement between the company and an affiliate of Elite.

Beth Scott, CEO of MOD Pizza said in a statement:

MOD is a beloved brand with a strong following. We’re excited to work with Elite Restaurant Group to strengthen MOD’s future.

There's no word on whether this new acquisition will lead to new locations opening up; but we do know that there won't be a change to the pizza chain's brand name.

It's been a rough start to the year, and 2023 was not that great for many big brands either. This year alone, many retailers like Rite Aid, Bed Bath & Beyond, Walgreens and Macy's announced several store closures of locations that were underperforming. And we've seen bankruptcy announcements from places like Red Lobster and Hooters.

20 Big Brands That Could Shut Their Doors in Texas in 2024

Profit losses, theft and other factors are causing many of these name brand stores to shut down. Will any of these continue to shut down in Texas this yer?

10 Iconic Brands that Were Actually Created in Texas

There are plenty of other brands that definitely started deep in the heart of Texas; and some of them are beloved not just by Texans but by the whole world!

More From KLAQ El Paso