Giant Pizza Hut franchisee NPC International declares bankruptcy

Jul 1, 2020 · “While NPC’s Chapter 11 filing was expected, we view it as an opportunity to create a better future for NPC’s Pizza Hut restaurants,” Pizza Hut said in an emailed statement. “As NPC works through this process, we support an outcome resulting in an organization with a. lower, …

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Pizza Hut’s Largest Franchisee Declares Bankruptcy

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Jul 1, 2020 · Dive Brief: NPC International, the largest franchisee of Pizza Hut and Wendy's restaurants, filed for Chapter 11 bankruptcy Wednesday. The company has $903 million in …

restaurantdive.com

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Pizza Hut Franchisee To Sell 77 Stores Out Of Bankruptcy For Nearly …

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13 hours ago · Six buyers will pay $11.78 million to acquire 77 Pizza Hut restaurants out of bankruptcy from franchisee EYM Group, according to a court filing. One of the bidders is Pizza …

qsrmagazine.com

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NPC International’s Asking Price: At Least $725M

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Sep 18, 2020 · NPC International is asking for at least $725 million in the sale of its Wendy’s and Pizza Hut operations, according to plans filed with the bankruptcy court earlier this week. The …

restaurantbusinessonline.com

FAQs about Giant Pizza Hut franchisee NPC International declares bankruptcy Coupon?

Will NPC International sell Pizza Hut & Wendy's?

Wendy’s International to redistribute around 200 restaurants to franchisees The sale of NPC International’s Pizza Hut and Wendy’s locations to Flynn Restaurant Group and Wendy’s Co. has been approved, according to court filings. ...

Why did Pizza Hut file for bankruptcy?

The franchisee has also been negotiating with Pizza Hut, and filed for bankruptcy after its forbearance agreement with the chain expired Tuesday, according to Restaurant Business. ...

Will NPC's Chapter 11 filing create a better future for Pizza Hut?

“While NPC’s Chapter 11 filing was expected, we view it as an opportunity to create a better future for NPC’s Pizza Hut restaurants,” Pizza Hut told Restaurant Dive in an emailed statement. ...

Why did Pizza Hut file Chapter 11?

The largest franchisee of Pizza Hut, NPC, filed for Chapter 11 bankruptcy on Wednesday due to a combination of issues including coronavirus-related shutdowns, a massive debt burden of nearly $1 billion, and rising labor and food costs. Pizza Hut has also been facing sales struggles. ...

What happened to Pizza Hut & Wendy's?

NPC International, the largest franchisee of Pizza Hut and Wendy’s restaurants, filed for Chapter 11 bankruptcy Wednesday. The company has $903 million in debt and restaurant closures amid novel coronavirus restrictions further undermined its performance, despite slight sales improvements over the last few months. ...

What happened to Pizza Hut?

The company closed about 300 of its Pizza Hut units to help pave the way for a sale and sought $725 million from buyers. FRG is buying Wendy’s units in Salt Lake City, Central Maryland and Baltimore. The other Wendy’s franchisees will get locations in Kansas City, North Carolina and Pennsylvania. ...