the Company NPC International management in USA 1200 Pizza Hut restaurants and 400 restaurants under the Wendy’s brand, declared bankruptcy.
NPC International Inc., one of the largest franchisee restaurant chains in the United States, filed a petition in the court for protection from creditors, as required by the U.S. code on bankruptcy. In 27 States of the country has about 40 thousand employees of the restaurant chain. But they will continue to work until there is a bankruptcy, reported CNN, citing a company statement.
Pizza Hut, and Wendy’s have become another victim of a pandemic: during the quarantine establishments were closed, disrupted deliveries, increased the debt to $ 1 billion. The growth of orders for the delivery did not save the company: the debt has grown faster.
In the U.S. previously closed, and other restaurant chain: family dining and entertainment centers Chuck E. Cheese and the American division restaurants-bakeries Le Pain Quotidien.
on Tuesday it became known that the Geneva motor show, the most prestigious automotive exhibition in the world for sale, and Cirque du Soleil fired almost all employees.
the US leads the world in the number of cases and deaths due to the coronavirus. The economy is experiencing a downturn. The fall in US GDP in the first quarter of 2020 was the steepest since the fourth quarter of 2008 preceding the global crisis that began in the United States. Consumer spending, which fill two-thirds of the US GDP for the quarter fell by 6.8%.