The Largest Pizza Hut and Wendy’s Franchisee Is Expected to Declare Bankruptcy

One of the largest restaurant franchisees in the U.S. is expected to file for bankruptcy, according to Fox News. NPC International, which owns over 1,200 of Yum Brands (NYSE: YUM) Pizza Hut restaurants and nearly 400 for Wendy's (NASDAQ: WEN), may file for Chapter 11 protection as early as today.

The franchisee has struggled for years as Yum! Brands found that turning around the pizzeria chain was a more intractable problem than it originally believed. Meanwhile, Wendy's fought to maintain the pace of growth alongside McDonald's and Restaurant Brands International's (NYSE: QSR) Burger King.

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Source Fool.com