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00:02Smoking Monkey Pizza
00:04Parent company, TB Enterprises, filed for Chapter 11, Bankruptcy Protection in Washington this week,
00:11as weaker consumer spending and slowing restaurant traffic pressured the pizza industry.
00:16Court filings showed assets of up to $50,000 in liabilities between $100,000 and $500,000.
00:23The company previously operated three Washington locations,
00:27though its Spokane restaurant closed about two months ago while its Renton and Seattle stores remain open.
00:34The filing comes as Pizza Hut, Domino's Pizza, and Papa John's flagged softer consumer demand and weaker sales trends
00:41tied to inflation and cautious discretionary spending.
00:44For all things money, visit Benzinga.com.
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