CNN: 300 Pizza Huts are closing after a giant franchisee goes bankrupt

CNN: 300 Pizza Huts are closing after a giant franchisee goes bankrupt. “Up to 300 Pizza Hut restaurants are slated to permanently close following the bankruptcy of one the chain’s largest franchisees. NPC International, which filed for Chapter 11 in July, announced an agreement [August 17] with Pizza Hut’s owner Yum! Brands (YUM)to close roughly a quarter of its restaurants and sell the remaining locations.”