šPizza Hut Battles With Large Franchiseeš
NPC update, FTSI prepack, Garrett Motion files for bk to jam Honeywell
ā”ļøUpdate: NPC Internationalā”ļø
On August 25, NPC International Inc., the largest Pizza Hut franchisee in the United States, filed a motion in its bankruptcy case (āSale Motionā) to kickstart a process to sell, among other assets, its 1200 Pizza Hut restaurants. The purchase price? A minimum of $325mm. In doing so, NPC noted:
After extensive negotiations, tā¦