Pizza Hut & Telepizza Agree to Expansion

May 17, 2018 Comments Off on Pizza Hut, Telepizza Shake Hands on Global Deal Views: 2944 Texas News, Top Texas

Pizza Hut, Telepizza Shake Hands on Global Deal

Pizza Hut, a division of Yum! Brands Inc., is boosting its presence globally through a strategic deal and master franchise alliance with Telepizza Group. The deal allows Plano, TX-based Pizza Hut, and Telepizza, which is headquartered in Madrid, to focus on expansion in Latin America (excluding Brazil), the Caribbean, Spain, Portugal and Switzerland. Telepizza will become the Texas-based chain’s largest master franchisee globally by unit count, and a leading multi-country pizza operator worldwide.

To date, the U.S. pizza chain has 17,000 restaurants in more than 100 countries, while Telepizza Group has more than 1,600 stores in more than 20 countries. Telepizza is planning to open at least 1,300 new stores over the next 10 years, with the vast majority of those openings under the Pizza Hut’s brand.

Read More At Businesswire

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Comments are closed.