Pizza Hut's 15 Indiana outlets close in financial dispute with franchisee [Yahoo! Finance]
Yum! Brands, Inc. (YUM)
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Source: Yahoo! Finance
The dispute centres on millions of dollars in unpaid bills and puts 129 more locations in Illinois, Georgia, South Carolina and Wisconsin at risk of closure. The closures began abruptly on Friday 14 June in Indiana, leaving employees and patrons in shock. The development was first reported by the Times of Northwest Indiana after finding employees' posts on social media expressing their surprise and dismay at the sudden closures. Many have been advised to seek unemployment benefits. EYM Group has been sued by Pizza Hut over financial discrepancies. After a payment deadline was missed in early June 2024, the Indiana locations were swiftly shuttered, and similar actions are anticipated for the remaining establishments, as reported in Nation's Restaurant News EYM Group has attributed its financial struggles to Pizza Hut's failure to modernise its menu and digital ordering system, which they claim has allowed competitors such as Domino's and Little Caesar's to gain an edge. Pizza
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