TL;DR
Yum! Brands has signed a 10-year master franchise agreement with Restaurant Brands New Zealand for the continued operation of Pizza Hut in New Zealand. Restaurant Brands New Zealand is the country's largest fast-food operator, with brands including KFC, Pizza Hut, Starbucks Coffee, and Carl's Jr.
Restaurant Brands New Zealand has inked a ten year master franchise agreement with Yum! Brands for the continued operation of the Pizza Hut brand in New Zealand.
Louisville, Kentucky-based Yum! Brands owns the Pizza Hut, KFC and Taco Bell brands and is the world’s largest fast-food restaurant company. In New Zealand, Restaurant Brands is the country’s largest fast-food operator with the KFC, Pizza Hut, Starbucks Coffee and Carl’s Jr brands.
In recent years it has been selling its regional and lower volume Pizza Hut stores to independent franchisees and at the end of the company’s first quarter it owned 33 Pizza Hut stores in New Zealand, with 65 operated by independent franchisees, bringing the total network to 98 stores.
In this story
This story was originally published by Global Franchise Team in Global Franchise on June 13, 2018. Burnaze summarizes and links to the original reporting.
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