Rutland Partners and Yum! Brands, global owners of the Pizza Hut brand, announce that on 9 November they completed a deal whereby Rutland acquires Pizza Hut’s UK Dine-In restaurant business.
In the deal, Rutland has acquired the share capital of Pizza Hut UK Ltd, the company which owns 330 Dine-In restaurants and will operate them under a long term franchise agreement from Yum!. Rutland will invest £20 million in support of a broad £60 million refurbishment and restructuring programme of the business.
Pizza Hut Restaurants has won, not one but, two awards recently in the digital arena.
The UK wide casual dining chain was named the number one hospitality brand in the Social Brands 100 Youth Rankins. Following quickly on from this first accolade, Pizza Hut Restaurants then went on to win the award for Best Website at he recent Prolific North Awards.
In an exclusive interview with M&C Report, Chief Executive, Jens Hofma announces that Pizza Hut UK plans to accelerate its refurbishment programme next year by investing in a further 90 restaurants, after seeing like-for-like sales at invested sites grow by 20 to 25% on average.