US EditionPizza Hut bids farewell to Chilean operations branch
22 Articles
22 Articles
The Spanish fast food group Food Delivery Brands (FDB) has reported this Wednesday that it will cease operating its premises of Telepizza and Pizza Hut in Chile. The company has justified the closure of its premises and the application for bankruptcy in the South American country due to the complex economic environment in which it operates, which will lead it to concentrate its activity in Europe. With this decision, the company has advanced one…
Pizza Hut bids farewell to Chilean operations branch
Despite its iconic background worldwide, Pizza Hut will no longer be operating in Chile, Food Delivery Brands, the company handling it as well as Telepizza, announced Wednesday in Santiago. The group insisted it had made 'all possible efforts' to keep the business afloat.
The complex economic scenario and local competition led Food Delivery Brands to announce the closure of the operations of Telepizza and Pizza Hut in the country. By means of a statement, the Spanish group pointed out that, “despite having made every effort possible to sustain the operation of the company, it has made the difficult decision to proceed to the closure of all its operations under the brands Telepizza and Pizza Hut in Chile, together…
BioBioChile
Food Delivery Brands, the company in charge of Telepizza and Pizza Hut, announced the closure of the operations of these brands...
Food Delivery Brands (FDB) will close Telepizza and Pizza Hut operations in Chile due to a “complex economic environment.” FDB losses in Chile increased from $21 million in 2021 to $79 million in its latest balance sheet. The closure will affect 100 premises and 1,400 employees, although some franchises will continue to operate. Spanish fast food giant Food Delivery Brands (FDB) announced the closure of all its Telepizza and Pizza Hut operations…
Food Delivery Brands closes Telepizza and Pizza Hut in Chile due to the difficult economic situation and strong competition in the local market.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
To view factuality data please Upgrade to Premium
