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Is Pizza Hut going bankrupt?
In July 2020, Pizza Hut’s largest U.S. franchisee, NPC International, filed for Chapter 11 bankruptcy protection after struggling under the burden of $1 billion in debt. Pizza Hut, a unit of Yum Brands, remains locked in a fierce battle with rivals Domino’s, Little Caesars and Papa John’s, which are offering new products and a range …
In 2017, Domino’s overtook Pizza Hut as the largest pizza chain by global sales.