“This investment not only protects jobs across North Carolina, but is an incredibly exciting opportunity for us to expand our company-owned portfolio and reinforce our commitment to a well-performing market with plenty of growth potential,” said Scott Svenson, co-founder and chief executive officer, MOD Pizza. MOD is offering employment to all eligible employees, ensuring job security for more than 300 MOD Squad members and providing a consistent customer experience during the transition. The 13 MOD Pizza locations in North Carolina were previously owned and operated by SD Holdings, a multi-brand restaurant franchisee, who filed for bankruptcy in February 2020. As of July 27, 2020, MOD has assumed full control of these locations, spread between Charlotte, Wake Forest, Raleigh, Fayetteville and Asheville, adding them to its extensive portfolio of company-owned stores. SEATTLE – J– MOD Super-Fast Pizza Holdings, LLC (“MOD Pizza”, “MOD” or the “Company”) today announced it has successfully closed the acquisition of 13 existing MOD Pizza locations in North Carolina. Pioneer of Fast-Casual Pizza Acquires Previously Franchised Stores Reinforces Commitment to North Carolina Market
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