Minjun ParkFood
Pizza Hut Owner Flynn Group Pledges $10 Million to Expand in Australia
The investment targets 100 new stores across the country after the business posted a $1 million annual loss.
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pizza hut
Every story tagged pizza hut on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged pizza hut
81 stories in this topic
Rajiv MenonFood
Yum China Opens 300Th Pizza Hut Burger Bar as Fast-Food Demand Grows
The side-by-side restaurant format generated fast traction across China, with burger sales projected to surpass RMB1 billion this year.
Sarah ChenFood
Indian Fast Food Titans Merge: KFC and Pizza Hut Unite under $933M Deal
In a significant move within India’s quick-service restaurant (QSR) industry, Devyani International and Sapphire Foods India, two of the nation’s largest franchise operators for KFC and Pizza Hut, have agreed to join forces. The merger, approved by parent…
Aiko TanakaFood
Yum Brands Eyeing Potential Pizza Hut Sell-Off Amid Underperformance
Yum Brands, the parent company of Pizza Hut, is currently exploring strategic alternatives for its pizza arm, which may include a potential sale. This move comes as Pizza Hut’s performance has been an underwhelming aspect of the business, failing to match the…
Aiko TanakaFood
Yum China calls time on Chinese brand
Yum China Holdings, the owner of the KFC and Pizza Hut restaurant chains in China, has decided to shut down its struggling fast-food brand, East Dawning, after it failed to survive the Covid-19 pandemic. The company said in its annual report that the…
Sarah ChenFood
Pizza Hut, KFC sales shrink in China as Covid-19 locks restaurants out
Running restaurants in China is tough when a big part of the population stays home to avoid catching the coronavirus. Yum China , operator of KFC and Pizza Hut in the country, gave a glimpse of the current predicament in results posted after the U.S. close…
Aiko TanakaFood
Yum China Lifts Off Beyond Burger in KFC, Pizza Hut, Taco Bell
Yum China has entered into a partnership with plant-based meat manufacturer Beyond Meat to trial a burger at selected KFC, Pizza Hut, and Taco Bell locations within the country. The agreement marks the introduction of Beyond Meat’s Beyond Burger in Mainland…
Wei ZhangFood
Yum China reopens most stores, reports recovering footfall
Yum China says it is witnessing “early signs of recovery” in Mainland China as business gradually resumes and people return to work. However, the company, which operates KFC, Pizza Hut and Little Sheep chains, said in an update to shareholders that restaurant…
Maria SantosFood
Ikea and Pizza Hut design table based on pizza box widget
Swedish furniture chain Ikea and Pizza Hut Hong Kong have teamed up to create a full-sized pizza table shaped exactly like the tiny plastic table (the “sava”) included in pizza boxes. The product is part of a collaboration that has also resulted in a new…
Minjun ParkFood
Malaysian KFC, Pizza Hut operator QSR Brands revives IPO plan
Southeast Asian KFC and Pizza Hut operator QSR Brands is seeking to reboot its IPO in the fourth financial quarter this year. The firm was previously in talks to sell its Malaysia shares, but has since backtracked on the plan and returned to its initial IPO…
Minjun ParkFood
Restaurant Brands posts lift in 2Q sales despite Starbucks exit
Restaurant Brands posted a lift in quarterly sales largely due to the success of its 97 KFC stores in the country. The fast food retailer posted total sales of $259.7 million for the quarter to September 9, a 3.5 per cent increase from the previous…
Maria SantosFood
Yum China speeding up expansion plans
Yum China plans to invest up to US$525 million opening between 800 and 850 new stores in the current financial year. Most of the new stores will be KFC outlets and of its new cafe chain Coffii & Joy. The protections were included in the company’s…
Minjun ParkFood
Pizza Hut Malaysia Plans More Store Openings
The 400th Pizza Hut Malaysia store has opened at Central I-City Shah Alam. To celebrate the landmark moment in the franchise’s history, Pizza Hut is giving 4000 pizzas to diners, as well as an additional 400 pizzas to 10 local charities. It was also selling…
Sarah ChenFood
Mexican investor Bought three quarters of Restaurant Brands
Restaurant Brands has announced Mexican investor Finaccess Capital SA de CV now has a controlling stake in the company after acquiring three quarters of the company’s shares. The deal closed on March 26 following Finaccess’ offer through its subsidiary,…
Sarah ChenFood
Pizza Hut Singapore appoints BLKJ as Singapore creative agency of record
Pizza Hut Singapore appoints BLKJ, an independent creative agency, as Agency of Record to resonate with young adults while maintaining its strong heritage among families. BLKJ, one of the fastest growing independent creative agencies in Singapore, was…
Aiko TanakaFood
Yum China to face challenges this year
An aggressive store rollout program is helping Yum China achieve sales growth, but its Pizza Hut business continues to struggle. In year-end results released overnight, Yum China said fourth-quarter system sales rose 6 per cent in constant currency, but…