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Bankrupt franchisee of Pizza Hut, Wendy's restaurants to be purchased by major group
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A major restaurant franchisee is getting ready to stuff its crust with hundreds of Pizza Hut and Wendy’s locations it plans to buy from their bankrupt owner.
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NPC International has agreed to sell all of its approximately 925 Pizza Hut restaurants and about 225 of its 383 Wendy’s restaurants to Flynn Restaurant Group. The rest of the Wendy’s locations it owns will be sold to Wendy’s International in a pair of deals worth a combined $801 million, NPC announced Thursday.
Flynn is the largest restaurant franchisee in the U.S., operating 460 Applebee’s, 282 Taco Bell, 134 Panera Bread and 369 Arby’s locations.