NPC International Inc., which operates more than 1,600 Wendy’s and Pizza Hut restaurants, filed for Chapter 11 bankruptcy protection Wednesday. The company was struggling before the pandemic.
“As our industry has been in the midst of dynamic changes due to shifting consumer preferences and dining behavior, we also have been facing increased labor and commodities costs and a higher
level of financial leverage that presents obstacles to achieving our long-term business objectives,” said Jon Weber, president and CEO of NPC’s Pizza Hut division.
Read the whole story at Nation's Restaurant News »
