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Pizza Hut UK's dine-in restaurant business has a new owner. The global owner, Yum! Brands, recently sold 330 restauratns to the investment firm Rutland Partners, according to retailtimes.co.uk.
Rutland will invest £20m (US $31,756,000) in support of a wider investment of £60m (US $95,268,000) to improve the business, but Yum! will continue to act as franchisor for the dine-in business. It will also help grow the Pizza Hut delivery business in the UK through other franchise and new unit development. The management team, led by Jens Hofma, also will not change.
"The 10,000 strong Pizza Hut Dine-In team is on a mission to put our guests at the center of everything we do and to inject fun, energy and quality back into our restaurants," Hofma said in the story. "Throughout the sale process, Rutland Partners, above all others, has demonstrated a level of ambition and enthusiasm that matches our own drive for the transformation of our business. The entire team is relishing the opportunity to work with Rutland in the years ahead."
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Topics: Operations Management