You might hear about a familiar business, even one that's been around for decades, suddenly closing its doors and filing for bankruptcy. It's not always about bad pizza; often, deeper economic shifts are at play.
A 50-year-old pizza chain, Pizza Hut, recently announced significant closures and bankruptcy filings by some of its largest franchisees.
NPC International, one of Pizza Hut's biggest franchisees operating over 1,200 locations, filed for Chapter 11 bankruptcy in July 2020.