Thousands of your favorite fast food sites could close
Two other popular fast food chains are likely to close some restaurants.
The effects of the coronavirus pandemic andrestaurant closure On food companies will take place for a moment. Some have been forced tolimit their menu. Others haveClose a number of locations. Some of them haveclose absolutely.
All that, more, a business that operates two popular fast food restaurants can be bankrupt, which means that some pizza hut and Wendy rentals may have problems.
NPC International Inc.,which has 1,229 franchise pizza hut rentals and 393 wendy-franchise locationsprepares to deposit for the bankruptcy of Chapter 11 because it is $ 800 million of debt, according to theThe Wall Street newspaper. The company has participated in the file since the beginning of the year when it lacked interest payments on its debt. The first pizza hut under the company NPC opened in 1962.
Related:These catering chains disappear after closing nearly 700 locations
All this comes after the parent company of Pizza Hut, Yum! The brands announced that customers have turned to the giant pizza during home stay orders. In power, they reached an eight-year height of sales of delivery and transport commands. Sales compared to this time last year are up more than 10%.
Unlike other types of bankruptcy, Chapter 11 means that a company will examine its debt and make changes to reduce it. The company that owns and operatesChuck E. Cheese, called CEC Entertainment, also filed for this type recently, after developing workers and selling pizza under a different name during the pandemic. Alone266 locations of the place "Where a child could be a child" and the other brand of the company, Piper Pizza, have reopened, it is difficult to say when more to join them.
The parent company of Cafe-Cafe-Cafe Fast-Casual Cafe The daily bread has tabled in Chapter 11 in May. Brio Italian Mediterranean and Congratulations Italian owner to Italian Foodfirst Global Restaurants does it too.Some states close restaurants againbut here's here6 other beloved restaurants that have been deposited for bankruptcy because of COVID-19.