
A Chicago Pizza store in Osaka Prefecture
The Yomiuri Shimbun
12:34 JST, March 15, 2023
OSAKA — Chicago Pizza Co., a pizza delivery chain based in Ibaraki, Osaka Prefecture, is expected to file for bankruptcy after racking up some ¥1.5 billion in debt.
The chain ceased operations on Tuesday, according to an attorney representing the company.
Although the company had experienced a rise in demand for home delivery due to the pandemic, its earnings were hit hard by increased competition and higher purchasing and labor costs.
Founded in 1986, Chicago Pizza delivered pizzas as well as donburi bowls. The company had a total of 66 stores mainly concentrated in the Kinki region but also spanning the Kanto, Chugoku and Shikoku regions.
Although the firm reported sales of ¥4.2 billion in fiscal 2020, revenue fell to ¥3.4 billion in fiscal 2021, due in part to the foray of new companies into the pizza delivery business.
Popular Articles
Popular articles in the past 24 hours
-
Princess Aiko Visits Reopened Businesses in Quake-Stricken Ishika...
-
Red Carpet of Shirley Poppies in Bloom at Western Tokyo Park; Tot...
-
3 of Japan's Nuclear Fusion Institutes to Receive ¥10 Billion in ...
-
Public Comment System: Does Flood of Submissions to Government Re...
-
Results of Tokyo Assembly Elections May Have Effect on Upper Hous...
-
Online Medical Consultations: Urgent Measures Necessary to Preven...
-
As India, Pakistan Hail Military Feats, Kashmiris Are Left to Gri...
-
Japan, U.S. to Hold Trade Talks This Week
Popular articles in the past week
-
Consumption Tax Exemption to Be Nixed for Low-Cost Imported Items...
-
Aeon to Sell 100% California Rice from June 6, Offering Consumers...
-
Nissan to Close 2 Kanagawa Prefecture Plants; Production Cuts Eye...
-
Yokohama, Companies Look to Help Elderly Live Healthier Longer wi...
-
2025 Expo Osaka: Expo Fails to Achieve Pledge of Line-Free Event;...
-
2025 Expo Osaka: 80% of Visitors Want to Go 2nd Time, Says Survey...
-
Can Nissan Recover Through New, Long-Overdue Restructuring Plan?;...
-
Japan Unveils Urashima 8000 Underwater Drone Capable of Diving 8,...
Popular articles in the past month
-
Core Inflation in Japan's Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to U...
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under S...
-
Rice Prices Rise for 15th Straight Week, with Releases of Stockpi...
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chair...
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Inco...
-
Groundbreaking Ceremony Held for Japan’s 1st Casino Resort; Site ...
-
Japan Presses U.S. to Scrap 25% Auto Tariffs as Ishiba Refuses Pa...
"Business" POPULAR ARTICLE
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption
JN ACCESS RANKING
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption