Quiznos

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QIP Holder LLC
TypePrivate
IndustryRestaurants
When it was created1981
HeadquartersDenver, Colorado
Key peopleStuart K. Mathis (CEO)
Susan Lintonsmith (CMO)
Jim Lyons (COO)
Rick E. Schaden, former CEO
Kenneth Cutshaw (President of International)
Things madeSubmarine sandwiches
Salads
Others
Money earnedGreen Arrow Up.svg $130 million USD (2004)
Websitewww.quiznos.com
The first Quizno's Subs restaurant, located in Capitol Hill, Denver, Colorado
The green shows which countries currently have Quiznos restaurants

QIP Holder LLC, business known as Quiznos, is a fast food restaurant brand. Quiznos is known for their toasted subs. The restaurant was created by company founder Jimmy Lambatos in 1982. The headquarters for Quiznos is located in Denver, Colorado. Behind Subway, it is the second-largest submarine sandwich shop chain in North America.[1]

On February 27 2014, the Wall Street Journal wrote that the company was potentially preparing to file for Bankruptcy debt protection because the country currently has $570 million of debt.[2] On March 14, 2014, the restaurant brand filed for Chapter 11 Bankruptcy. They said that they would still continue operating while it restructured its debt and made operational improvements.[3]

References[change | change source]

  1. "Crisis Quickens at Quiznos". The Wall Street Journal. Retrieved 2014-03-10.
  2. "Quiznos Moves Toward Bankruptcy Filing". The Wall Street Journal. Retrieved 2014-03-10.
  3. "Quizno's files for bankruptcy, but you can still get a toasted sub". Los Angeles Times. Retrieved 2014-03-17.

Other websites[change | change source]