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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.
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.
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]
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This is a list of pizza restaurant franchises. Franchising is the practice of the right to use a firm's successful business model and brand for a prescribed period of time. Pizza franchises
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Restaurant Brands was formed to acquire shares in KFC and Pizza Hut from PepsiCo. It acquired KFC in 1989 and Pizza Hut in 1995. The company originally purchased 122 stores, 91 KFC stores, 46 Pizza Hut stores and 2 Joint KFC and Pizza Hut stores. In 1997, it listed on the New Zealand Stock Exchange with an offer price of NZ$2.20.
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]