PLANO, TEXAS — Pizza Hut, a division of Yum! Brands, Inc., has entered a strategic deal and master franchise alliance with Madrid, Spain-based Telepizza Group, a move that will accelerate the pizza chain’s growth across Latin America, the Caribbean, Spain, Portugal and Switzerland.
Already the world’s largest pizza restaurant company with nearly 17,000 restaurants in more than 100 countries, Pizza Hut expects to double its footprint in the regions covered by the new alliance. The deal also will give Pizza Hut the No. 1 position in unit count in the category in Latin America and the Caribbean.
“This ground-breaking deal is a major milestone in our journey to become the most loved, fastest growing pizza brand in the world, and Telepizza Group is the ideal partner with the capability, commitment and capital to accelerate Pizza Hut’s expansion into key high-growth regions like Latin America,” said Milind Pant, president of Pizza Hut International. “Geographically, this long-term, strategic alliance with Telepizza Group will make Pizza Hut accessible to more consumers over time, helping fulfill our mission of making it easier to get a better quality pizza.”
Telepizza is the largest non-U.S. pizza delivery company in the world, operating more than 1,600 stores in more than 20 countries. As a result of the alliance, Telepizza will become Pizza Hut’s largest master franchisee globally by unit count and will nearly double Telepizza’s store portfolio to more than 2,500 units and €1.1 billion ($1.3 billion) in system sales.
“Our alliance with Pizza Hut delivers on Telepizza Group’s strategic plan to transform pizza delivery with a management model grounded in improving the customer experience through best-in-class operations,” said Pablo Juantegui, executive chairman and chief executive officer, Telepizza Group. “The deal accelerates our global growth plan, nearly doubles the scale of our business and extends our international reach to 37 countries, which represent more than 500 million potential consumers. The aspirations and capabilities of Telepizza Group and Pizza Hut International are complementary, and we are confident this deal will drive significant value for customers, employees, franchisees and shareholders as it represents an ideal platform for future growth opportunities.”