The United States fast-food franchise big which can quickly be behind Pizza Hut in Australia is laying down the gauntlet to tackle Domino’s as market leaders.
Flynn Restaurant Group, who already personal Pizza Hut within the US, in addition to Taco Bell and Wendy’s chains, will finalise the acquisition of Pizza Hut Australia from personal fairness agency Allegro Funds by the tip of July.
Flynn’s co-COO Ron Bellamy has informed The Australian he thinks Pizza Hut Australia and its CEO Phil Reed are doing an incredible job, however they’re able to extra.
“Hopefully, we can bring some investment and maybe some expertise from our experiences in the US,” Mr Bellamy mentioned.
“If you ask me if we think there’s an opportunity to participate more broadly in Australia with the quick service food business, I think the opportunity exists.
“That’s something we will consider when the time is right.
“But, first and foremost, our focus is on Pizza Hut and supporting the remarkable journey that the team and the brand have been on in the Australian market.”
Mr Reed took over the working of Pizza Hut Australia in April 2018, rising the corporate’s fast-food market share from seven per despatched to round 10 per cent.
The chain opened 17 new shops in Australia in 2022, and 6 this 12 months, with 251 shops throughout the nation as of May 10.
However, it pales in comparison with Domino’s 755 Australian retailers, making Domino‘s Pizza Enterprises Ltd the largest franchisee for US parent company Domino’s Pizza on this planet.
Mr Reed informed The Australian he intends to bolster income beneath Flynn from round $300m to greater than $1bn throughout the subsequent few years.
“We have around 55 per cent of the Australian public who have yet to enjoy the opportunity of having Pizza Hut pizzas delivered to their home,” he mentioned.
“There is a huge opportunity, whether it is growing the brand or opening new stores.”
Asked about the specter of an increasing Pizza Hut empire down beneath, a Domino’s spokesperson mentioned they welcome the competitors.
“We don’t typically talk about our competitors’ businesses, as we are laser-focused on our own growth plans and strategy,” the spokesperson mentioned.
“However, we can say we welcome competition in our market and are confident that we offer customers the best value for money when it comes to freshly prepared meals, delivered quickly, for a great price — and that won’t change.”
Flynn Restaurant Group operates 2350 eating places worldwide, together with 926 Pizza Huts, 282 Taco Bells, and 192 Wendy’s — at one time the world’s third-largest burger fast-food chain.
Source: www.perthnow.com.au
