Sunday, August 10, 2008
Company That Owns Pizza Hut Franchises In Eastern Kentucky Files For Bankruptcy.
Citing the increase in the minimum wage, rising cost of ingredients and unfavorable term leases Midland Food Services a franchise company that owns several Pizza Hut restaurants across the country, including our area, filed for bankruptcy protection late last week. The company owns five Pizza Hut’s in eastern Kentucky including two in Pikeville and one each at Goody, Paintsville, Prestonsburg and Louisa. This is the second time in the last eight years that Midland has filed for bankruptcy protection.