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Pizza Hut, LLC [3] is an American multinational pizza restaurant chain and international franchise founded in 1958 in Wichita, Kansas by brothers Dan and Frank Carney.The chain, headquartered in Plano, Texas, operates 19,866 restaurants worldwide as of 2023.
In 2017, Yum! announced plans to open 10 Pizza Hut restaurants in Ethiopia, after signing a franchise with the country's Belayab Foods and Franchise PLC. [40] In January 2020, Yum! announced they were acquiring Irvine, California-based Habit Burger & Grill, for $375 million; the transaction was completed on March 18, 2020. [41] [42]
The Pizza Hut in Aggieville, Kansas, was the first to have delivery, an innovation. By 1977, Pizza Hut had grown to 4,000 outlets and the brothers decided to sell the business to PepsiCo for over $300 million USD. Frank remained the president and a board member of Pizza Hut until 1980. [1] [3]
Kahala Brands owns Great Steak. The Wendy's Company owns Wendy's and T.J. Cinnamons; Yum! Brands (spun off from PepsiCo in 1997) owns KFC, Taco Bell, and Pizza Hut restaurants outside of China. Yum China owns KFC, Taco Bell, Pizza Hut, East Dawning and Little Sheep restaurants in China.
NPC was the largest franchisee of both Pizza Hut and Wendy's, and owned more than 1,200 Pizza Hut locations and 385 Wendy's locations until March 2021. [2] O. Gene Bicknell opened his first franchised Pizza Hut restaurant in Pittsburg, Kansas in 1962. In 1984, Bicknell and NPC went public, finishing the decade with 320 locations.
Pizza Hut, owned by Yum Brands could use that, after experiencing a 1% decline in same-store sales in its most recent quarter. This story has been updated to clarify the contents of Hut ‘N Go meals.
There is a great entrepreneurial story behind Domino's Pizza . The company was founded in 1960 by two brothers who borrowed $900 to pay for their first store and used a Volkswagen Beetle to ...
He was also CEO of Pizza Hut, which is owned by Yum!, president and CFO of Yum! Restaurants International, Yum! Brands chief strategy officer and served in various real estate and restaurant development leadership roles in KFC, Pizza Hut and Taco Bell. [3] [4] [6] In 2021, Gibbs's total compensation from Yum!