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Health/Food Posts Tagged as 'Bankruptcy'

Welcome to Errattic! We encourage you to customize the type of information you see here by clicking the Preferences link on the top of this page.

 

Hundreds of Companies That Got Stimulus Aid Have Failed 

 

About 300 companies that received as much as half a billion dollars in pandemic-related government loans have filed for bankruptcy, according to a Wall Street Journal analysis of government data and court filings.

Many of the companies, which employ a total of about 23,400 workers, say the funds from the Paycheck Protection Program weren’t enough to keep them going as the coronavirus and lack of additional stimulus payments weighed on their businesses.

Hundreds of Companies That Got Stimulus Aid Have Failed

Tags: $, Bankruptcy, Business, Fail, Govt, Safety, Service, Support, Threat, Treatment

Permalink

18-Nov-2020


Nearly 300 Pizza Huts Will Close Down After Major Franchisee Declares Bankruptcy 

 

In the wake of their largest American franchisee declaring bankruptcy, Pizza Hut will be closing down nearly 300 of their restaurants in the U.S.

This grim news, which had previously been forecasted, comes after NPC International filed for Chapter 11 last month. On Monday, an announcement was made in which it was said that Yum! Brands (Pizza Hut's owner) had made an agreement to close about a quarter of NPC International's roughly 1200 locations. The remaining three-quarters will be sold. It's not clear which actual restaurants will shutdown (nor is it clear when those restaurants will shutdown) but it has been reported that a "substantial majority" of those affected will be Huts with dining rooms.

Nearly 300 Pizza Huts Will Close Down After Major Franchisee Declares Bankruptcy

Tags: $, Bankruptcy, Business, Closing, Restaurant

Permalink

20-Aug-2020