Bank of America Corp. has agreed to sell the biggest U.S. Pizza Hut franchisee to a company formed by Olympus Partners as Chief Executive Officer Brian T. Moynihan narrows the focus of the lender.
The debt of Charlotte, North Carolina-based Bank of America’s NPC International Inc. will be repaid by the purchaser at the completion of the deal, which is expected by Dec. 28, according to a regulatory filing today from NPC.
Moynihan is focusing on retail and commercial banking customers while scaling back operations acquired under his predecessor, Kenneth D. Lewis. Read more.
BofA To Sell Pizza Hut Franchisee NPC To Olympus Partners
November 8, 2011 by Cris | 0 Comments
In Basic Guidelines, Law & Agreements, Franchisees, Franchises, Franchising in USA and/or Canada, News, Restaurants
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