World's Largest Pizza Hut and Wendy's Franchisee Files for Bankruptcy, Impacting Over 7,500 Employees
NPC International Inc. has filed for bankruptcy, affecting the thousands of food establishments under its umbrella. NPC is the largest franchisee of Pizza Hut in the U.S., and the recent development will affect its 1,227 Pizza Hut stores in America.
NPC also franchises Wendy’s with 393 stores across the U.S, and has over 7,500 full-time employees in its Pizza Hut and Wendy’s restaurants.
The franchise holder is currently $903 million in debt, and will try to sell its Pizza Hut and Wendy’s stores in an attempt to reduce the company’s debt.
As a franchisee, NPC’s bankruptcy won’t impact other Pizza Hut and Wendy’s locations around the world, and for now, the branches in the Philippines are unaffected.
In the Philippines, the master franchise holder of Pizza Hut is PPI Holdings, Inc. under the Araneta Group, while Wendy's is under Udenna Corp's Eight-8-Ate Holdings. Both franchise holders remain in operation.