Find in the news:
BY COUNTRY

The owner of 1,200 Pizza Hut restaurants has declared bankruptcy



NPC International operates more than 1,200 Pizza Hut restaurants and 400 Wendy's restaurants.
Pizza Hut

NPC International is the largest franchise holder of Pizza Hut in the USA. Restaurants within the chain managed to survive the crisis caused by the coronavirus pandemic. They even showed an increase in sales in April and May due to a jump in online sales and increased demand for pizza delivery services. 

However, Pizza Hut's sales had been on the decline for several years before, and in early 2020 the situation entered a critical stage. The company was behind on payments to individual creditors. Today NPC International has to deal with debt obligations in the amount of about one billion US dollars. 

NPC International is currently in negotiations with creditors and intends to reach several agreements on debt restructuring. The largest creditors of the company are Pizza Hut and Wendy's, as stated in the bankruptcy petition.

According to experts of the financial company Cowen, Yum Brands, which in addition to Pizza Hut and Wendy's also owns the brands KFC, Taco Bell, WingStreet, and others, could lose up to $54.2 million of annual income from royalties. It could happen if there are restaurants run by NPC International that would cease to operate.

According to the official statement of Pizza Hut, restaurants of the chain managed by NPC International continue to operate. Pizza Hut also informs customers that it supports the company in its bankruptcy process and expects that as a result, it will be able to reduce its debt obligations, establish operating activities, and attract investment.

More about shopping malls in the USA



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us