New York CNN —MOD Pizza, the fast-casual chain where diners can customize individual pizza pies, announced a new owner Wednesday in a move that could prevent or delay a bankruptcy filing. After reports last week that the pizza chain was considering filing for bankruptcy, a company spokesperson said a turnaround plan was underway. “We’re working diligently to improve our capital structure and are exploring all options to do so,” Rick Van Warner, MOD spokesperson, said at the time. MOD, founded in 2008 in Seattle, advertises 40 toppings and eight sauces for its customizable pizzas. Scott Svenson, who founded MOD in 2008 with his wife, Ally, became executive chairperson.

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Persons: “, Rick Van Warner, Beth Scott, Scott Svenson, Ally, Svenson Organizations: New, New York CNN, MOD Locations: New York, Seattle, United States, Canada