• About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions
Wednesday, February 8, 2023
No Result
View All Result
NEWSLETTER
Cayman Marl Road
  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    10 Interesting Facts about Bob Marley

    Popular Bob Marley quotes

    World-class Ironshore Studios opens in Cayman

    World-class Ironshore Studios opens in Cayman

    Dancehall artist Spice suffered complications during surgery?

    Spice to perform in Cayman after postponing show last year

    Julie Mango named Best Jamaican Social Media Personality

    Julie Mango named Best Jamaican Social Media Personality

    Chloe Powery-Doxey off to Miss Universe pageant

    Chloe Powery-Doxey off to Miss Universe pageant

    Miss Universe to be aired by streaming service Roku

    Miss Universe to be aired by streaming service Roku

    Bob Marley’s grandson dies

    Bob Marley’s grandson dies

    ‘Ellen DeGeneres Show’ DJ Stephen ‘tWitch’ Boss dead by suicide

    ‘Ellen DeGeneres Show’ DJ Stephen ‘tWitch’ Boss dead by suicide

    Celine Dion diagnosed with incurable disease

    Celine Dion diagnosed with incurable disease

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    HSA opens adolescent behavioral health center

    HSA opens adolescent behavioral health center

    Health Insurance Commission monitoring Cayman First

    Health Insurance Commission monitoring Cayman First

    False: No flight restrictions to Cayman due to COVID

    False: No flight restrictions to Cayman due to COVID

    Long Term Residential Mental Health project not completed

    Long Term Residential Mental Health project not completed

    Dr. Marc Lockhart leaves Mental Health Commission

    Dr. Marc Lockhart leaves Mental Health Commission

    Heart Fund encourages everyone to get CPR training

    Heart Fund encourages everyone to get CPR training

    Health Ministry names incoming Chief Medical Officer

    COVID-19 “XBB Variant” info not issued by Ministry of Health

    Clear masks available for HSA hearing impaired patients

    Clear masks available for HSA hearing impaired patients

    New treatment for acid reflux in the Caribbean

    New treatment for acid reflux in the Caribbean

    Health Ministry names incoming Chief Medical Officer

    One COVID-19 related death reported

    Trending Tags

  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    10 Interesting Facts about Bob Marley

    Popular Bob Marley quotes

    World-class Ironshore Studios opens in Cayman

    World-class Ironshore Studios opens in Cayman

    Dancehall artist Spice suffered complications during surgery?

    Spice to perform in Cayman after postponing show last year

    Julie Mango named Best Jamaican Social Media Personality

    Julie Mango named Best Jamaican Social Media Personality

    Chloe Powery-Doxey off to Miss Universe pageant

    Chloe Powery-Doxey off to Miss Universe pageant

    Miss Universe to be aired by streaming service Roku

    Miss Universe to be aired by streaming service Roku

    Bob Marley’s grandson dies

    Bob Marley’s grandson dies

    ‘Ellen DeGeneres Show’ DJ Stephen ‘tWitch’ Boss dead by suicide

    ‘Ellen DeGeneres Show’ DJ Stephen ‘tWitch’ Boss dead by suicide

    Celine Dion diagnosed with incurable disease

    Celine Dion diagnosed with incurable disease

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    HSA opens adolescent behavioral health center

    HSA opens adolescent behavioral health center

    Health Insurance Commission monitoring Cayman First

    Health Insurance Commission monitoring Cayman First

    False: No flight restrictions to Cayman due to COVID

    False: No flight restrictions to Cayman due to COVID

    Long Term Residential Mental Health project not completed

    Long Term Residential Mental Health project not completed

    Dr. Marc Lockhart leaves Mental Health Commission

    Dr. Marc Lockhart leaves Mental Health Commission

    Heart Fund encourages everyone to get CPR training

    Heart Fund encourages everyone to get CPR training

    Health Ministry names incoming Chief Medical Officer

    COVID-19 “XBB Variant” info not issued by Ministry of Health

    Clear masks available for HSA hearing impaired patients

    Clear masks available for HSA hearing impaired patients

    New treatment for acid reflux in the Caribbean

    New treatment for acid reflux in the Caribbean

    Health Ministry names incoming Chief Medical Officer

    One COVID-19 related death reported

    Trending Tags

No Result
View All Result
Cayman Marl Road
No Result
View All Result

Operator of Pizza Hut and Wendy’s files for bankruptcy

by Denieca
July 01, 2020
in Business, Music
0
Operator of Pizza Hut and Wendy’s files for bankruptcy
141
SHARES
Share on FacebookShare on TwitterShare on Whatsapp

(CMR)The operators of over 1,000 Pizza Hut locations and 400 Wendy's stores, NPC International, has filed for bankruptcy.

In January, NPC International missed an interest payment, leading credit rating agency Moody's to downgrade its rating.

The company has been dealing with years of weak sales, increased labour cost and a high debt burden.

In court documents, NPC placed most of the blame on Pizza Hut, citing a “deteriorating brand image and lack of innovation.”

“The Pizza Hut brand continues year after year to lose market share to its national competitors,” the company said further adding that Domino’s and Papa John’s have “better technology or more compelling price and product offerings.”

NPC had been in talks with Pizza Hut for months and made the filing the day after a forbearance agreement with its franchisor expired.

NPC revealed that it had reached deals with its lenders on the framework of restructuring and plans to sell its Wendy’s business.

NPC is to continue its operations while it navigates the Chapter 11 process.

According to the company website, NPC employs nearly 40,000 people in 27 US states.

Related posts:

Changes to CUC billing rates as deferrals end
Little Cayman residents petition OfReg
Compass Media to close print shop permanently
Crypto company sues CIMA for rejecting license application
Share your vote!


No, thanks.
How do you feel after reading this?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid
Tags: NPC InternationalPizza HutWendy's
Denieca

Denieca

Denieca is an experienced Caribbean content creator with experience in the digital news market. She has worked for several publications as both a content manager and journalist. She is an expert in crafting engaging content that generates lively discussions and engagement on social media platforms. Her primary areas of focus on CMR will be regional news and lifestyle pieces.

Related Posts

CUC schedules service outage for Newlands

Changes to CUC billing rates as deferrals end

by Renae Stampp
February 7, 2023
0

(CMR) Caribbean Utilities Company (CUC) customers should expect changes in their billing rates as both the Base Rate Adjustment deferral and...

Little Cayman residents petition OfReg

Little Cayman residents petition OfReg

by CMR
January 25, 2023 - Updated on January 26, 2023
0

(CMR) Over 95 Little Cayman residents signed a petition complaining to the Utility Regulation and Competition Office (OfReg) about "service...

Compass threatens legal action against CMR

Compass Media to close print shop permanently

by Renae Stampp
January 24, 2023
0

(CMR)  Several redundancies are now looming at Compass Media as the parent company of the Cayman Compass and Compass Print...

Crypto company sues CIMA for rejecting license application

Crypto company sues CIMA for rejecting license application

by Renae Stampp
January 20, 2023
0

(CMR) A company that has cease-and-desist proceedings against it in the United States and a fine of $22.5 million has...

Water Authority re-opens with surname system still in place

Water Authority celebrates 40th anniversary

by Renae Stampp
January 13, 2023
0

(CMR) Water Authority – Cayman is celebrating a significant milestone in 2023 – 40 years of service to the Cayman...

Physicians refusing Cayman First

Physicians refusing Cayman First

by CMR
January 12, 2023
0

"We are still having major issues getting payment from Cayman First. I know you posted about them a couple of...

Next Post
BREAKING: Reporter Vallecillo Jr. gunned down in Honduras this afternoon

BREAKING: Reporter Vallecillo Jr. gunned down in Honduras this afternoon

Recent News

Tourism Ministry looks at luxury yacht cruise market

Tourism Ministry looks at luxury yacht cruise market

February 7, 2023
THCT: Medical Rundown Tuesday is Back!!

THCT: Medical Rundown Tuesday is Back!!

February 7, 2023
CUC schedules service outage for Newlands

Changes to CUC billing rates as deferrals end

February 7, 2023
Police officer and telecom employee charged for data breach

Police officer and telecom employee charged for data breach

February 7, 2023
Feral cat control resumes in Little Cayman

Humane Society wants repeal of regulations criminalizing feeding of cats

February 7, 2023
Red Cross honors volunteers

Red Cross honors volunteers

February 7, 2023
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved

No Result
View All Result
  • Home
  • CMR Daily Buzz
  • Events
  • Election 2021
  • Cayman’s Youth
  • Legal Notices
  • Live Show
  • The Cold Hard Truth
  • Ask The Marl Road
    • Consumer Protection
    • COVID-19
    • What would you do?
  • Breaking News
  • Government
    • Road Closures
  • Rumor Has It
  • Investigative Reports
  • Business
    • Finance
  • Cayman Crime Watch
  • Celebration of Life
  • Community Notices/Events
    • Accidents
    • Police
    • Weather
  • Court Cases
    • Civil
    • Criminal
  • Entertainment
    • Events
    • Music
  • Family
    • Education
    • Fury Friends
  • Lifestyle
    • Food
    • Health
    • Medical Experts
  • News Roundup
  • Opinions
    • Polls
    • Cartoons
  • Politics
    • Parliament
  • Regional News
  • Social Media Happenings
    • Jackass of the Day!
    • Lost & Found
  • World News
  • Cayman Small Business
  • Cayman Wellness
  • Tech News
  • Sports
  • Science
  • Weird & Unusual News
  • Advertorials

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved