Pizza Hut, Wendy’s sales are approved

Restaurant franchisee NPC International Inc. won court approval to sell more than 1,300 Pizza Hut and Wendy’s restaurants for about $800 million, six months after the pandemic pushed the company into bankruptcy.

Under two deals approved Wednesday by U.S. Bankruptcy Judge David Jones, Flynn Restaurant Group will take over 951 Pizza Hut locations and nearly 200 Wendy’s stores, court filings show. Wendy’s Co. will take over another 200 of its namesake restaurants and then turn them over to a group of its franchisees.

The agreements won the support of Pizza Hut and Wendy’s, which were involved in negotiating terms of the sales. When NPC filed for bankruptcy last year, it operated more than 1,200 Pizza Hut locations and nearly 400 Wendy’s restaurants.