Pizza Hut Franchisee Goes Bankrupt, to Close 300 Restaurants

A customer walks in to a Pizza Hut restaurant in Los Angeles, Calif., on April 19, 2012. Kevork Djansezian/Getty Images

About 300 Pizza Hut restaurants are closing across the United States after one of its largest franchisees went bankrupt.

NPC International, which filed for Chapter 11 last month, said it would close about 25 percent of its restaurants and sell off the remaining locations after coming to an agreement Pizza Hut’s owner Yum! Brands.