Canadian Owner Of KFC, Pizza Hut And Taco Bell Restaurants Files For Bankruptcy Protection
Priszm Income Fund, which owns more than 231 KFC, Pizza Hut, and Taco Bell restaurants in B.C. and Ontario, is under bankruptcy protection following an order from the Ontario Superior Court of Justice, The Vancouver Sun reported. Priszm said in a news release issued this morning that the court filing was made to further its delayed deal to sell its B.C. and Ontario restaurants to a European franchisee of parent comany Yum! Brands. Prizm said the restaurants continue to operate as usual. The release said Prizm has received a number of expressions of interest for its remaining restaurants. In total Prizm owns about 400 outlets in Canada. Read more.