Restaurant operator NPC International, which has been in business since 1962, announced a bankruptcy filing yesterday. The company operates more than 1500 Pizza Hut and Wendy’s locations.
NPC did not announce any store closings, and the filing is meant to address its $900 million–plus debt load. Financial explorations predate the pandemic.
Children’s restaurant and entertainment chain Chuck E. Cheese filed for bankruptcy this week, citing the damage wrought by extended store closings. One wonders if the protocols that will be in place for the foreseeable future–crowd limits, hand sanitizing–could preclude the chain from ever reopening successfully.
Cafe and bakery chain Specialty’s, which operated 33 stores in three states, announced that it would not reopen its shops in the wake of closings forced by the covid-19 crisis.
The chain, which opened its first store in 1987, cited “decimated company revenues” from shelter-in-place policies. It was recently seen giving away its leftover supplies from a California warehouse.