Pizza Hut UK business sold to investment company Rutland Partners

Pizza Hut: Rutland Partners to operate fast-food chain's 330 UK restaurants
Pizza Hut: Rutland Partners to operate fast-food chain's 330 UK restaurants

Pizza Hut's restaurants in the UK have been sold by US company Yum! to Rutland Partners, an investment company that specialises in turnarounds.

Rutland Partners, which did not disclose financial details of the deal, will operate the 330 Pizza Hut restaurants under a franchise agreement with Yum!.

Jens Hofma, Pizza Hut's UK and Ireland managing director, and the senior team, are thought to be staying on with the business.

Rutland Partners will invest £20m into the business, as part of a broader £60m investment in  refurbishment and restructuring of the Pizza Hut group. Rutland Partners has pledged to invest £40m of its cash flow over the next five years.

Pizza Hut was put up for sale last year, after it struggled to compete with PizzaExpress and Domino's Pizza in the UK.

Yum! will receive royalties from Rutland and the two parties will work together closely to develop the Pizza Hut brand in Britain.

Yum!, which also owns the KFC and Taco Bell brands, will keep the Pizza Hut delivery business in the UK.

The company was once partly owned by Whitbread, which sold its 50% share in the UK group to Yum! for £112m in 2006.

0
SHARES
Comment

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Brand Republic Jobs
Thousands of jobs across advertising, creative, marketing and media

Just published

Feel you're missing out?

GET THE
BRANDREPUBLIC
BULLETINS
Sign up

The Wall Blog

From our partners

3 great ads I had nothing to do with: Robert Campbell

3 great ads I had nothing to do with: Robert Campbell

3 great ads I had nothing to do with: Brian Cooper

3 great ads I had nothing to do with: Brian Cooper

3 great ads I had nothing to do with: Catherine Kehoe

3 great ads I had nothing to do with: Catherine Kehoe

A day in the life of Jozef Wallis

A day in the life of Jozef Wallis

A day in the life of Arthur Kay

A day in the life of Arthur Kay

A day in the life of Daniel Kaplansky

A day in the life of Daniel Kaplansky