Long-term alliance involves Telepizza Group opening 1,300 new stores over the next 10 years across regions covered in alliance: Spain, Portugal, Latin America (excluding Brazil), the Caribbean and Switzerland
Pizza Hut, a division of Yum! Brands and global pizza restaurant company with nearly 17,000 restaurants in over 100 countries, and Telepizza Group, a non-US pizza delivery company worldwide with more than 1,600 stores in over 20 countries, unveiled a strategic deal and master franchise alliance to accelerate growth across Latin America (excluding Brazil), the Caribbean, Spain (including Andorra), Portugal and Switzerland.
The landmark deal doubles Pizza Hut’s footprint in the regions covered by the alliance, places Pizza Hut in the number one position in the category across Latin America and the Caribbean in terms of unit count, and confirms Pizza Hut’s position as one of the largest pizza restaurant companies in the world.
As a result of the alliance, the delivery company will become Pizza Hut’s largest master franchisee globally by unit count and a leading multi-country pizza operator worldwide.
“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.
“Geographically, this long-term, strategic alliance with Telepizza Group will make Pizza Hut accessible to more consumers over time, helping fulfil our mission of making it easier to get a better quality pizza,” said Milind Pant, President, Pizza Hut International.
“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.
“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,” said Pablo Juantegui, Executive Chairman and Chief Executive Officer, Telepizza Group.
“At Pizza Hut International, we are focusing all of our innovation, technology investments and franchise alliances on delivering the easiest, fastest and tastiest pizza experience wherever we operate.
“Telepizza Group is the ideal partner to help us deliver on this focus across Latin America (excluding Brazil), the Caribbean, Spain, Portugal and Switzerland, because of their incredible depth and capability in franchise operations and supply chain management. Leveraging the strong experience of our Pizza Hut franchisees, we expect this to accelerate the growth of Pizza Hut with a best-of-both approach,” said Enrique Ramirez, Global Chief Growth Officer, Pizza Hut.