{"id":5396,"date":"2020-11-12T08:00:00","date_gmt":"2020-11-12T13:00:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=5396"},"modified":"2020-11-10T11:15:10","modified_gmt":"2020-11-10T16:15:10","slug":"wendys-pizza-hut-franchisee-npc-looks-to-sell-itself-to-operator-of-panera-stores","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=5396","title":{"rendered":"Wendy&#8217;s, Pizza Hut Franchisee NPC Looks to Sell Itself to Operator of Panera Stores"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"265\" height=\"190\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2020\/11\/Wendys.jpg\" alt=\"\" class=\"wp-image-5397\"\/><\/figure><\/div>\n\n\n\n<p>NPC International Inc., the nation\u2019s largest franchisee of Wendy\u2019s and Pizza Hut restaurants, has a deal to sell itself out of bankruptcy to Flynn Restaurant Group LLC. Flynn, the largest restaurant franchise operator in the U.S., is offering $816 million to buy the more than 1,300 restaurants operated by NPC.  NPC filed  chapter 11 bankruptcy in July and has been marketing assets. The stalking-horse offer could be subject to higher and better offers and requires bankruptcy court approval. It is likely to face competition from other interested buyers, including possibly Wendy\u2019s Co. itself. Wendy\u2019s said on Nov. 2 that it was considering making an offer for nearly 400 Wendy\u2019s restaurants operated by NPC as part of a consortium with other Wendy\u2019s franchises. Both Wendy\u2019s and Pizza Hut LLC have expressed concerns about NPC\u2019s quick timeline for a sale, and have pushed for greater involvement in vetting who will be the new owner of NPC\u2019s restaurants. Wendy\u2019s has signaled it would oppose a sale to Flynn, which operates Arby\u2019s and Panera Bread restaurants that also sell sandwiches. Wendy\u2019s has traditionally preferred franchisees that only own its restaurants, and Arby\u2019s could be viewed as a direct competitor in the burger business. In addition to the Wendy\u2019s restaurants, NPC operates roughly 900 Pizza Huts.<\/p>\n\n\n\n<p>Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at&nbsp;<a href=\"mailto:https:\/\/www.hoorfarlaw.com\/\">hoorfarlaw.com<\/a>&nbsp;to schedule an appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NPC International Inc., the nation\u2019s largest franchisee of Wendy\u2019s and Pizza Hut restaurants, has a deal to sell itself out of bankruptcy to Flynn Restaurant Group LLC. Flynn, the largest restaurant franchise operator in the U.S., is offering $816 million &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=5396\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267,76,736],"class_list":["post-5396","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-bankruptcy","tag-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5396"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5396\/revisions"}],"predecessor-version":[{"id":5399,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5396\/revisions\/5399"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}