Pizza Hut Announces Master Franchise Partnership with AmRest Holdings SE in Central & Eastern Europe
August 17 2016 - 12:42PM
Business Wire
Partnership Accelerates Pizza Hut Growth in
Europe
Pizza Hut, a division of Yum! Brands, Inc. (NYSE: YUM) and the
world’s largest pizza restaurant company, reinforced its dedication
to expansion in Europe by signing a development agreement with
AmRest Holdings SE (WSA: EAT) for Central and Eastern Europe.
AmRest, which currently operates 80 Pizza Hut restaurants in
Poland, Russia and the Czech Republic, signed a master franchise
agreement with Pizza Hut with plans to develop over 300 restaurants
over the next five years. As a master franchisee, AmRest will have
the right to own, develop and sub-franchise Pizza Hut restaurants
in Poland, Czech Republic, Hungary, Bulgaria, Serbia, Croatia,
Slovakia, and Slovenia.
“We are thrilled to deepen our partnership with AmRest and open
the door for rapid development in Central and Eastern Europe,” said
Natalia Barsegiyan, General Manager, Pizza Hut Europe. “AmRest’s
expertise in the region and experience as a Pizza Hut operator will
help us bring the Pizza Hut brand to millions of consumers who
currently don’t have access to our products.”
Pizza Hut currently has more than 700 restaurants in Continental
Europe across 24 countries and more than 16,000 restaurants
worldwide in 102 countries.
About Pizza Hut
Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE: YUM),
delivers more pizza, pasta and wings than any other restaurant in
the world. The company began 58 years ago in Wichita, Kansas, when
two brothers borrowed $600 from their mom to start a pizzeria. What
started out small has become the biggest pizza company in the world
and today operates more than 16,000 restaurants in more than 100
countries serving innovative pizzas, traditional favorites like the
signature Pan Pizza, and much more. Pizza Hut also is the
proprietor of the BOOK IT!® Program, which is a long-standing
children’s literacy program used in more than 630,000 classrooms
nationwide.
For more information, visit www.pizzahut.com. Follow Pizza Hut
on Facebook (www.facebook.com/PizzaHut), Twitter
(www.twitter.com/pizzahut) and Instagram
(www.instagram.com/pizzahut).
ABOUT YUM! BRANDS
Yum! Brands, Inc., based in Louisville, Kentucky, has nearly
43,000 restaurants in almost 140 countries and territories. Yum! is
ranked #218 on the Fortune 500 List with revenues of over $13
billion in 2015 and is one of the Aon Hewitt Top Companies for
Leaders in North America. The Company’s restaurant brands - KFC,
Pizza Hut and Taco Bell - are the global leaders of the chicken,
pizza and Mexican-style food categories. Worldwide, the Yum! Brands
system opens over six new restaurants per day on average, making it
a leader in global retail development.
ABOUT AMREST
AmRest’s history started in 1993 with an opening of the first
Pizza Hut restaurant in Wrocław and today is the largest
independent chain restaurant operator in Central and Eastern
Europe. AmRest currently operates more than 1,000 restaurants in 13
countries through a portfolio of superior brands: Pizza Hut, KFC,
Burger King, Starbucks, La Tagliatella, Blue Frog and Kabb. Every
day, through the Company’s WJM culture, over 25,000 employees
deliver delicious taste and exceptional service at affordable
prices.
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version on businesswire.com: http://www.businesswire.com/news/home/20160817005979/en/
For Pizza HutDoug Terfehr, 972-338-6992Doug.Terfehr@yum.com
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