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On August 18, 2020, Pizza Hut announced it would be closing up to 300 restaurants after the bankruptcy of NPC International, one of its largest franchisees. In March 2021, Flynn Restaurant Group acquired NPC's 937 Pizza Hut locations.
In January 2011, Yum! announced its intentions to dispose of its Long John Silver's and A&W brands to focus on its core brands of KFC, Pizza Hut and Taco Bell. For the decade leading up to the company's announcement, major growth had relied on international expansion.
Up to 300 Pizza Hut restaurants will be closed, most of them dine-in locations not well suited for carryout and delivery.
Little Caesars is the third largest pizza chain by total sales in the United States behind Pizza Hut and Domino's. It operates and franchises pizza restaurants in the United States and internationally in Asia, Europe, the Middle East, Canada, Latin America, and the Caribbean.
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The chain has since co-branded with Pizza Hut and Long John Silver's as well. In 1997, PepsiCo experimented with a new "fresh grill" concept, opening at least one Border Bell restaurant in Mountain View, California, on El Camino Real .
NPC reached an agreement with Pizza Hut to close 300 of its locations. Following the closures, the leases of 163 of the former sites were put up for sale.
In July 2008, a struggling franchisee in Arizona announced that it was closing all 13 of its Fazoli's restaurants in the state. [11] In July 2015, Sun Capital Partners sold the chain to Sentinel Capital Partners for an undisclosed amount.
In December 2020, CEC Entertainment, the owners of Chuck E. Cheese and Peter Piper Pizza chains, emerged from its June bankruptcy under the ownership and selling of its lenders led by Monarch Alternative Capital.
Mikhail Gorbachev, the last leader of the Soviet Union, was featured in a 1998 television advertisement for Pizza Hut. It was filmed in November 1997 on Red Square and in a Pizza Hut restaurant elsewhere in Moscow. It was aired internationally in January 1998, but not in Russia .