Pizza Hut

Financing

In NPC bid, Greg Flynn makes his biggest play yet

The CEO of Flynn Restaurant Group is pushing a megadeal for the Wendy’s and Pizza Hut operator that would create the third-largest restaurant operator in the U.S., says RB's The Bottom Line.

Financing

Dozens of buyers are eyeing bankrupt NPC International restaurants

Flynn Restaurant Group was OK’d as the stalking horse bidder for the Pizza Hut and Wendy’s operator, even as Wendy’s objects. But many other potential buyers are interested.

Two pizzas made with Beyond Meat will be available for a limited time.

The giant operator, which also operates Arby’s, Panera Bread and Taco Bell, has an initial bid to buy the giant Wendy’s and Pizza Hut franchisee out of bankruptcy.

The chain’s sales at takeout and delivery units are on par with its rivals as the company works on closing its old full-service restaurants.

The franchisor is making its rights known in the sale process of the franchisee’s 900-plus Pizza Hut locations.

Pizza Hut has argued in bankruptcy court documents that the franchisee was substandard. The operator disputes that, says RB’s The Bottom Line.

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.

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.

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