Bloomberg Law
Jan. 8, 2021, 8:59 PM

Pizza Hut Won’t Fight Sale of Bankrupt NPC’s Locations to Flynn

Steven Church
Steven Church
Bloomberg News

Restaurant franchisee NPC International Inc. has settled all the major disputes that had threatened to hold up a plan to sell its Pizza Hut locations to Flynn Restaurant Group, lawyers told a federal bankruptcy judge Friday.

Pizza Hut attorney Charles Gibbs said during a video court hearing that the company expects to sign a so-called consent agreement in the next few days with Flynn, allowing the restaurateur to close a deal to buy NPC’s operations of the chain. When NPC filed for bankruptcy last year, it operated more than 1,200 Pizza Hut locations and nearly 400 Wendy’s Co. restaurants. ...

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