On what date did Cicis Holdings, Inc. and other affiliates file for bankruptcy under Chapter 11?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
U.S. Bankruptcy Court, Northern District of Texas (Dallas) Bankruptcy Petition: 21-30146-sgj11: On January 25, 2021, some of our current and former affiliates, namely, Cici's Holdings, Inc., Awesome Acquisition Company, CAC, CiCi Enterprises, CiCi GP, LLC, CiCi Services, JMC GP, LLC, JMC Restaurant Distribution, LP, and Pizza Parent, LLC, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. All the debtors share our principal business address. On March 3, 2021, the court approved the debtors' and creditors' pre-packaged Plan of Reorganization, and March 10, 2021, CiCi Enterprises emerged from bankruptcy. On July 2, 2021, the bankruptcy cases against all the petitioners except Pizza Parent, LLC were closed. On August 30, 2024, the case was closed against Pizza Parent, LLC.
Source: Item 4 — BANKRUPTCY (FDD page 11)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, Cici's Holdings, Inc., along with several current and former affiliates, filed a voluntary petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code on January 25, 2021. The other affiliates included Awesome Acquisition Company, CAC, CiCi Enterprises, CiCi GP, LLC, CiCi Services, JMC GP, LLC, JMC Restaurant Distribution, LP, and Pizza Parent, LLC. All of these entities shared the same principal business address as Cicis.
The court approved the debtors' and creditors' pre-packaged Plan of Reorganization on March 3, 2021, and CiCi Enterprises emerged from bankruptcy shortly after on March 10, 2021. The bankruptcy cases against all petitioners, with the exception of Pizza Parent, LLC, were closed on July 2, 2021. The case against Pizza Parent, LLC, was later closed on August 30, 2024.
For a prospective franchisee, this bankruptcy filing and subsequent reorganization may raise concerns about the financial stability and management of Cicis. However, the FDD indicates that Cicis has emerged from bankruptcy and the cases have been closed. It would be prudent for a potential franchisee to further investigate the circumstances surrounding the bankruptcy, the reasons for its occurrence, and the measures Cicis has taken to prevent similar situations in the future. This information can be obtained by speaking with current franchisees and directly with the franchisor.