$NPCI News
Last published 5y ago
- 5y agoPNRANPCIWENWendy’s Wants to Buy About 400 of Its Eateries Out of BankruptcyBloombergWendy’s Co. submitted a bid to buy around 400 of its restaurants from operator NPC International Inc.’s bankruptcy sale, according to a regulatory filing Thursday.
- 5y agoPNRANPCIWENWendy’s May Withold Franchise Permission From Flynn in NPC SaleBloombergWendy’s Co. may not give permission for Flynn Restaurant Group to become a franchisee of the Frosty seller, creating a potential roadblock for a $816 million bankruptcy sale, a lawyer for the chain said in court Friday.
- 6y agoNPCIIconic Restaurant Chain Friendly’s Files for BankruptcyBloombergFriendly’s Restaurants LLC, an iconic chain on the East Coast of the U.S. known for its sundaes, became the latest dining institution to go bankrupt amid the pandemic.
- 6y agoNPCIPizza Hut Drivers Claim $320 Million Underpayment for MileageBloombergPizza Hut delivery drivers can’t press their claim for now that the company’s largest U.S. franchisee shortchanged them on payments for using their own vehicles.
- 6y agoNPCICPKICalifornia Pizza Kitchen Is Latest Chain to File For BankruptcyBloombergCalifornia Pizza Kitchen Inc. filed for Chapter 11 bankruptcy in Houston on Wednesday, becoming the latest restaurant chain to try to cut debt as it grapples with the pandemic.
- 6y agoNPCIAMCWhat to Watch in U.S. Corporate Credit Markets This WeekBloombergDistressed-debt investors will be on the lookout for bankruptcy filings after retailers sought court protection at a record pace in the first half of the year. Meanwhile, a light calendar is expected in the primary markets.
- 6y agoPZZANPCIDPZPizza Hut and Wendy’s Operator NPC Files for BankruptcyBloombergNPC International Inc., the largest franchisee of Pizza Hut restaurants in the U.S., filed for bankruptcy after coronavirus-related shutdowns added to competitive pressures in the restaurant industry.
- 6y agoNPCICOSIQCosi Files for Bankruptcy Amid Changing Consumer Dining HabitsBloombergCosi Inc., a fast casual restaurant chain, filed for bankruptcy protection with plans to cut costs and shift its focus to catering under recent pressure from changing consumer dining habits.
- 6y agoHLIPZZAMCOYUM+2Pizza Hut Operator NPC Considers Options Including BankruptcyBloombergNPC International Inc. is exploring restructuring options including a bankruptcy filing as the company saddled with $1 billion of debt struggles amid relentless restaurant competition.