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

Jan. 8, 2021, 8:59 PM

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. ...