Insider Retail: Walmart, Flynn Restaurant Group's big bets explained - Business Insider

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Insider Retail: The US' largest restaurant operator bets big on Wendy's and Pizza Hut, as Walmart eyes the launch of a new health startup

And early on, we're seeing some of the biggest players make good on those predictions. This week, we're breaking down Flynn Restaurant Group's $550 million gamble on Wendy's and Pizza Hut stores. Walmart is also secretly launching a new health initiative aimed at helping customers make healthier choices. What's that about?to get me, Danni Santana, and our Senior Editor, Gloria Dawson, in your inbox every week.

Up until last week, Greg Flynn's $2.3 billion restaurant portfolio included prominent brands like Applebee's, Taco Bell, Arby's, and Panera Bread. But there were two obvious categories missing: pizza and burgers. "They're the two largest segments in the industry, and we weren't in either of them," Flynn told Insider.

Thanks to its deal with NPC International, a now-bankrupt operator, Flynn Restaurant Group now owns more than 1,100 Pizza Hut and Wendy's locations. Flynn tells our correspondent Nancy Luna that one major factor caused by the pandemic helped push the acquisition over the line.

 

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