bookmark_borderLargest franchise operator of Wendy’s and Pizza Hut locations is bankrupt

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.

bookmark_borderLunch chain Specialty’s permanently closing all locations

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.