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In 2021 the Group acquired 937 Pizza Hut franchises during the bankruptcy of NPC International. [3] The Group began buying Wendy's franchises in 2021. As of 2024 it operated approximately 5% of Wendy's in the United States with a total of around 300 stores. It is also the master franchisee for Wendy's in New Zealand and Australia. [4]
The largest operator of iconic fast-food brands Pizza Hut and Wendy's had been on shaky footing since the beginning of 2020, with a debt burden approaching $1 billion.
NPC was the largest franchisee of both Pizza Hut and Wendy's, and owned more than 1,200 Pizza Hut locations and 385 Wendy's locations until March 2021. [2] O. Gene Bicknell opened his first franchised Pizza Hut restaurant in Pittsburg, Kansas in 1962. In 1984, Bicknell and NPC went public, finishing the decade with 320 locations.
Wendy's is an American international fast food restaurant chain founded by Dave ... Wendy's announced that after the bankruptcy of franchisee NPC Quality Burgers Inc ...
On March 31, 2011, Priszm, owner of Pizza Hut in Canada, went into bankruptcy protection in Ontario and British Columbia. [20] In 2015, the oldest continuously operating Pizza Hut, which was the restaurant located in the Aggieville District of Manhattan, Kansas, closed after having opened as the 8th location in 1960. [15]
The Wendy's Company is an American parent company [7] for the major fast food chain Wendy's. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio . [ 8 ] The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
NPC international is expected to file for bankruptcy. Yahoo Finance’s Brian Sozzi, Jared Blikre, and Heidi Chung discuss. Major Pizza Hut, Wendy's franchisee eyes bankruptcy [Video]
Starboard Group, a Wendy's franchisee and the owner of the Appleton, Grand Chute and Oshkosh locations, recently filed for Chapter 11 bankruptcy protection and closed nine locations. The Appleton ...