Pizza Hut

Leadership

KFC U.S. names John Mays director of equity and inclusion

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

Financing

Bankrupt operator NPC to close up to 300 Pizza Hut locations

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.

The pizza chain’s North American sales continued to surge during the pandemic as consumers ordered more delivery.

Yum Brands announced a global initiative to improve opportunities for frontline restaurant workers and improve equality.

The two brands each posted multi-year sales marks last month as consumers readjusted to pandemic dining.

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