DSI'S Role

CRO, COO and CFO

Services Provided

  • Crisis & Interim Management
  • Litigation Support
  • Sale of Assets

GIORDANO'S ENTERPRISES, INC.

Case Highlights

  • Instrumental in negotiating settlement of litigation with major franchisees
  • Managed sale process and plan negotiations

Case Narrative

Giordano’s Enterprises, Inc., famed Chicago maker of deep dish, stuffed crust pizza, and its affiliates operated six company-owned stores, four joint venture stores and thirty-seven franchisee locations located in Illinois and Florida, along with a subsidiary that served as a commissary for the majority of food products purchased by the Illinois locations.  Giordano’s also operated an affiliated real estate holding company which owned and managed a majority of the real estate.

DSI professionals served as the CRO, COO and CFO and managed the day-to-day operations of the business, obtained DIP financing, reinstated the company’s franchisor license by preparing two years of auditable financial statements, and assisted the Chapter 11 Trustee in settling litigation with the franchisees.  DSI also managed the process to sell the company and its affiliates, which paid secured lenders in full and provided a significant distribution to unsecured creditors.