Toronto — Pizza Hut Canada, a division of YUM! Brands, Inc. and the world's largest pizza franchise, has entered into a development arrangement with Franchise Management Inc. (FMI). Under this agreement, FMI will purchase 38 existing Pizza Hut restaurants in Quebec and the Greater Ottawa/Kingston region, as well as add new DelCo (delivery/carry out) model stores in Eastern Canada over the next 5 years.
"We are thrilled to deepen our relationship with FMI and to finally return to growth in Quebec," says Marco Moretto, director of development, Pizza Hut Canada. "We have been proudly serving loyal customers for nearly 30 years in Quebec and this announcement is the latest development in Pizza Hut's history and our strategic transformation plan to drive growth by increasing our franchise ownership. In addition to our technology that our customers love and use to order online, we are excited about implementing new delivery and take out stores through our arrangement with FMI in order to bring the Pizza Hut brand to even more Canadians."
The agreement represents a first major step in Pizza Hut Canada's plans to relaunch expansion into Quebec. Pizza Hut Canada has a proven DelCo model with a smaller footprint at lower build costs.
FMI is the largest Pizza Hut franchise operator in Canada and currently owns and operates more than 175 Pizza Hut locations in Canada and the United States. All of its operations are administered from its support center in Woodstock, New Brunswick.
Pizza Hut has grown to become the largest pizza company in the world with over 16,000 restaurants in over 100 different countries, including 400 units across eight provinces in Canada. For more information, visit https://www.pizzahut.ca/franchise/available-location
Yum! Brands, Inc., based in Louisville, Ky., has over 43,500 restaurants in more than 135 countries and territories. Brands include KFC, Pizza Hut and Taco Bell.
SOURCE: Pizza Hut Canada