{"id":2307317,"date":"2024-07-24T11:39:01","date_gmt":"2024-07-24T15:39:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pizza-hut-franchisee-files-for-bankruptcy-amid-legal-battle-washington-examiner\/"},"modified":"2024-07-24T11:41:38","modified_gmt":"2024-07-24T15:41:38","slug":"pizza-hut-franchisee-files-for-bankruptcy-amid-legal-battle-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pizza-hut-franchisee-files-for-bankruptcy-amid-legal-battle-washington-examiner\/","title":{"rendered":"Pizza Hut franchisee files for bankruptcy amid legal battle &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpizza-hut-franchisee-files-for-bankruptcy-amid-legal-battle-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2307317&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vivek-ramaswamy-accused-of-flip-flopping-after-he-called-gop-hopefuls-good-people\/\" title=\"Vivek Ramaswamy accused of changing stance, called GOP hopefuls &#039;good people&#039;.\">article \u200cdiscusses<\/a> how Pizza Hut franchisee EYM Pizza has filed for Chapter 11 bankruptcy amid a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/weve-identified-450000-ballots-that-miraculously-only-have-a-vote-for-joe-biden-sidney-powell-drops-a-bomb-on-sunday-morning-futures-video\/\" title=\"&quot;We&#039;ve Identified 450,000 Ballots that Miraculously ONLY have a Vote for Joe Biden&quot; - Sidney Powell Drops a BOMB on Sunday Morning Futures (Video)\">legal battle<\/a> with its creditors. EYM Pizza operates 140 Pizza Hut locations in \u2063states like Georgia, South Carolina, and Wisconsin and\u2064 owes\u2064 $2.2 million\u200b to \u2062Pizza\u2063 Hut and $21 million to Manufactures \u2062Bank. Pizza Hut has stated that EYM Pizza&#8217;s locations will be transferred to different owners. EYM \u2063Pizza recently closed over a dozen restaurants in Indiana and Ohio. The franchisee \u200dhad filed a breach\u200b of contract lawsuit against Pizza \u200bHut in March, which was dismissed by a judge.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Pizza Hut franchisee files for bankruptcy amid legal battle<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1694594\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Pizza Hut franchisee EYM Pizza has filed for Chapter 11 <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/bankruptcy\/\" target=\"_blank\" rel=\"noopener\" title>bankruptcy<\/a> as it is in the middle of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ninth-circuit-affirms-trump-victory-in-legal-feud-with-stormy-daniels\/\" title=\"Ninth Circuit Affirms Trump Victory in Legal Feud with Stormy Daniels\">legal feud<\/a> with its creditors.<\/p>\n<p>The franchisee, which operates 140 Pizza Hut locations in states like <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/georgia\/\" target=\"_blank\" rel=\"noopener\" title>Georgia<\/a>, South Carolina, and Wisconsin, listed Pizza Hut and Manufactures Bank as its creditors, owing $2.2 million to the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/pizza\/\" target=\"_blank\" rel=\"noopener\" title>pizza<\/a> chain and $21 million to Manufactures Bank. <a href=\"https:\/\/www.restaurantdive.com\/news\/pizza-hut-franchisee-eym-group-files-Chapter-11-bankruptcy-protections\/722088\/\" target=\"_blank\" rel=\"noopener\" title>Pizza Hut has assured<\/a> that EYM Pizza&rsquo;s 140 locations will transfer to different owners.<\/p>\n<p>Just last month, EYM Pizza <a href=\"https:\/\/www.restaurantdive.com\/news\/pizza-hut-eym-group-temporary-closures-contract-dispute\/719397\/\" target=\"_blank\" rel=\"noopener\" title>closed over a dozen restaurants<\/a> in Indiana and Ohio.<\/p>\n<p>EYM Pizza&rsquo;s breach of contract lawsuit against Pizza Hut was filed in March, accusing the chain of failing to remain competitive, including failing to make use of modern technology. This was dismissed by a judge shortly after.<\/p>\n<p>In its own lawsuit against the franchisee, Pizza Hut called EYM Pizza one of the worst performing franchisees in its catalog, despite being one of its biggest. The chain cited how its total sales grew by about 7% from 2019 through 2023, compared to EYM Pizza&rsquo;s 10% sales decrease in the same time period.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><\/a><\/strong><\/p>\n<p>EYM Pizza&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inside-the-nras-strategy-to-escape-disaster\/\" title=\"Inside the NRA\u2019s Strategy to Escape Disaster\">bankruptcy filing<\/a> comes after other restaurant chains are struggling financially, with Red Lobster <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3011692\/red-lobster-says-it-is-not-going-out-of-business-after-filing-for-bankruptcy\/\" target=\"_blank\" rel=\"noopener\" title>filing for bankruptcy in May<\/a>. The filing came right after the seafood chain <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3002935\/red-lobster-closes-over-50-stores-across-major-cities\/\" target=\"_blank\" rel=\"noopener\" title>closed over 50 locations<\/a>.<\/p>\n<p>Rubio&rsquo;s Coastal Grill also saw <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3029260\/rubios-coastal-grill-cites-california-business-costs-in-closing-almost-50-locations\/\" target=\"_blank\" rel=\"noopener\" title>almost 50 locations close in June<\/a>, citing rising business costs in the state of California.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1694594\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1694594\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The article \u200cdiscusses how Pizza Hut franchisee EYM Pizza has filed for Chapter 11 bankruptcy amid a legal battle with its creditors. EYM Pizza operates 140 Pizza Hut locations in \u2063states like Georgia, South Carolina, and Wisconsin and\u2064 owes\u2064 $2.2 million\u200b to \u2062Pizza\u2063 Hut and $21 million to Manufactures \u2062Bank. Pizza Hut has stated that &hellip;<\/p>\n","protected":false},"author":2632,"featured_media":2307319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/AP1744961791469660-1024x538.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[7740,35998,32869,35997,32076],"class_list":["post-2307317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bankruptcy","tag-franchisee","tag-legal-battle","tag-pizza-hut","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/07\/AP1744961791469660-1024x538.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2307317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2632"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2307317"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2307317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2307319"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2307317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2307317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2307317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}