Tuesday, June 18, 2024

Pizza Hut abruptly shutters 15 restaurants - with 129 more at risk - after huge bust-up with major franchisee

Almost 150 Pizza Hut restaurants are set to close due to an ongoing financial dispute with one of its major franchisees.

EYM Group - which operates the 144 Pizza Huts across the five states - is being sued by the chain in relation to millions of dollars of unpaid bills.

EYM blamed Pizza Hut for its financial problems.

' Pizza Hut has set EYM staggered deadlines for payment in each state.

Are you a fan of Pizza Hut? Yes Not really Never had it EYM, a Texas-based franchisee, was founded in 2008.

In August, Pizza Hut offered forbearance so the franchisee could pay off some of the money owed.

On March 15, EYM sued Pizza Hut alleging breach of contract - saying the fast food chain was violating the terms of the agreement in August.

The court documents show EYM failed to pay Pizza Hut millions of dollars.

Pizza Hut, owned by Yum Brands Inc., operates through several franchisees nationwide.

https://www.dailymail.co.uk/yourmoney/consumer/article-13540301/Pizza-Hut-abruptly-shutters-15-restaurants-indiana.html  

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