Pravda.ru

News » Companies

Gorbachev fails to save Pizza Hut from bankruptcy

25.01.2017 | Source:

Pravda.Ru

 
Gorbachev fails to save Pizza Hut from bankruptcy. 59661.jpeg
AP photo

US-based fast-food restaurant chain Pizza Hut filed for bankruptcy due to decreasing sales and increased costs.

Lawyers at WK Capital Enterprises reported that 56 restaurants of the chain in various states were unable to pay the rent for January, The Wall Street Journal reports. The intention to sell the restaurant chain has not been announced yet. WK Capital Enterprises has not provided further details.

Ex-Soviet President Mikhail Gorbachev starred in an advertising campaign for Pizza Hut in late 1990s. Gorbachev's fee for the campaign was $160,000. The TV commercial, in which Gorbachev orders a pizza, while  all people sitting in the restaurant stand up and toast to his honor, was broadcast on TV channels internationally. Several years ago, Mikhail Gorbachev agreed to take part in the filming of a commercial for an Austrian railway group.

Pravda.Ru

Read article on the Russian version of Pravda.Ru


 

Popular photos

Most popular

Russia's new White Swan Tu-160 bomber plane raises serious concerns in the West
Russia's new White Swan Tu-160 bomber plane raises serious concerns in the West
An upgraded version of the strategic Tu-160 bomber aircraft, also known as the "White Swan," is to be passed into service only in 2022 in the amount of 30-50 pieces. The new "Swan" has significantly...
Russia reacts to possible nuclear strike from USA
Russia reacts to possible nuclear strike from USA
Russia will be able to give a tough answer to a nuclear strike that the United States may inflict on Russia, First Deputy Chairman of the Federation Council Committee on Defense and Security, Franz...
Рейтинг@Mail.ru Rambler_s_Top100_Service