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Pizza Hut

Financing

NPC International could sell Pizza Hut restaurants to other concepts

The operator, battling with its franchisor in court over sale procedures, wants to open the process up to anyone, even other concepts, says RB’s The Bottom Line.

Financing

NPC International’s asking price: At least $725M

The giant Pizza Hut and Wendy’s franchisee is looking for buyers either in parts or as a whole while in bankruptcy, but it could still opt to reorganize.

With sales surging and operators recovering, the company has a plan to add locations in the U.S. and internationally.

He will lead organizational changes and work to address equity throughout the system.

The franchisee is also selling its Pizza Hut units following an agreement with the franchisor.

Yum Brands executives commit to the “asset-light” model as they push for a resolution involving the big operator, says RB’s The Bottom Line.

Yet parent company Yum Brands said its Mexican concept has improved significantly since April as customers flocked to its speedier drive-thrus.

The bankruptcy of giant franchisee NPC International reveals tensions between the 58-year-old company and its franchisor.

The company, which is also Wendy’s largest operator, has been struggling with massive debt levels.

The big Pizza Hut and Wendy’s operator had too much debt. But its capital structure was far from unique, says RB’s The Bottom Line.

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