Pizza Hut in £20mn UK expansion
Restaurant’s delivery division to open 100 new stores
By CFOWorld.co.uk staff | CFO UK | Published 09:59, 10 December 12
Pizza Hut Delivery, the pizza home delivery service fronted by US giant Yum Brands, is to invest £20 million in its UK operations, it was announced on Monday.
The investment will lead to the opening up of at least 100 new UK high street stores and the creation of 2,000 jobs by 2014 in what Pizza Hut Delivery described as an "aggressive expansion plan."
Pizza Hut Delivery currently has 300 stores in the UK which are either company owned or follow a franchise model. A spokesperson said this model would continue.
"We are committed to delivering a major investment in growing our UK system, creating significant new opportunities for existing and would-be franchisees. Our investment will increase our marketing spend, drive the outlet numbers and visibility of Pizza Hut Delivery, and create opportunities for franchisees to grow their businesses quickly," he added.
Pizza Hut Delivery added that its long-term aim was to have 700 outlets across the UK. It is run separately to the 330 dine-in Pizza Hut restaurants in the UK owned by investment firm Rutland Partners.
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