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Pizza Hut is one of the most popular pizza chains around the world. Since 1958, it has become an American essential and the blessing of rescue for busy parents who cannot cook.
The Americans have made their pizza using the original dish signatures and tort them with favorite ingredients and flavors. The pizza is very popular so that it can be considered almost a national dish because of its comfort, wonderful taste and reasonable price.
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However, even those are at the top of the struggle in the game from time to time. Pizza Hut faces turbulent times over the past few years due to the ongoing financial problems, multiple closure, and legal battles that cast a shadow over its work.
Related: Disponderial Pizza Futures for Chapter 11 Business
Several Pizza Hut sites are operated by concession owners, and the EYM group is one of the largest pizza series sites. The relationship started in 2016 and has not grown until then, as the company bought several sites of the series.
However, the work is the work, and this relationship was not friendly for a long time. The performance of the series began to deteriorate after only a few years, prompting the two companies to engage in continuous legal battles.
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Anym Pizza and the EYM group enter multiple legal battles
EYM group filed a lawsuit against Pizza Hut ((Yes)) In March of last year to prevent the pizza series from ending the concession agreements, as it was operating about 140 sites at the time.
The case was rejected a month later. However, Pizza Hut has taken steps to keep her welfare. In June, the series filed a lawsuit against the EYM group, claiming that it had violated multiple items in its agreement, including the missing payments during the patience period and claimed that it led restaurants to weak performance.
Related: The popular pizza series may soon be seized amid problems
In the same month, the EYM group suddenly closed 15 locations in the northwest of Indiana, claiming that it was low -performance restaurants that became a much financial burden.
Pizza Hut claims were proven when I reported a 7 % increase in similar sales from 2019 to 2023, while the EYM group reported a 10 % decrease in its locations.
Pizza Hut finds a new owner after submitting bankruptcy
After months of continuous legal battles and closing multiple stores, the EYM group applied Chapter 11 bankruptcy Protection in July 2024.
Pizza Hittis concession held an auction in late January to sell 127 remaining locations in five states to the highest bidding as part of the restructuring plan.
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Although Pizza Hut has seen some difficult times, things are starting to take place. It seems that the pizza series found a new life after the submission of the concession, which indicates optimism about the future.
After months of bankruptcy, 77 pizza sites have become a hut that is now undergoing new ownership after national concession sales closed about $ 12 million to obtain them. This new property will allow the pizza a hut to continue growth.
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