We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

Pizza Hut in £20mn UK expansion


Restaurant’s delivery division to open 100 new stores

Article comments

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.

Share:

Recommended Articles

Comments

Pizza Hut in £20mn UK expansion
Financial Planning

Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unansweredmore ..


Ryanair reports 157% profits leap and raises forecast

Total revenues rose 11% to €1.49 billion, the airline reported on Monday.more ..

Apple will 'set the world on fire' with iPhone 6 sales

Analysts anticipate an 'unbelievably massive' second half of '14 for a new, larger-screen iPhone, in part because Apple's committed a record $21B for components, tooling and manufacturingmore ..

Apple posts 5% rise in revenues to $37.4bn

CFO Luca Maestri said Apple had beaten the PC industry average in 32 of the last 33 quartersmore ..

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *