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Tag: pizza hut

  • 7-Eleven Vietnam plans 1000 stores

    7-Eleven Vietnam plans 1000 stores

    The world’s largest convenience store operator has confirmed the signing of a master franchisee in Vietnam and now plans 1000 stores over the next decade.

    7-Eleven Vietnam will be a partnership between the Japanese-headquartered US subsidiary and a new venture called Seven System Vietnam Co. While the US announcement did not identify the parties behind Seven System, Japan’s Nikkei news agency identified the partner as IFB Vietnam, which owns the Pizza Hut franchise in Vietnam.

    Nikkei says the first store will open in the nation’s commercial hub, Ho Chi Minh City, with a target of 100 stores within the first three years and 1000 within 10.

    7-Eleven has 56,400 stores globally and Vietnam will mark its 18th international market.

    Japan’s Seven & I Holdings has openly been assessing a Vietnam entry for some years. The convenience store sector is still at an early development stage with Circle K and FamilyMart the early entrants and Thailand’s B-smart, part of the Berlei Jucker Group, playing a cameo role.

    Given the booming convenience store market in other Southeast Asian countries, especially Thailand, the Philippines, Indonesia and Malaysia, 7-Eleven’s superior logistics, product mix, marketing and location selection should see it assume market leadership there well within the first 10 year window.

    7-Eleven’s US statement says, somewhat enigmatically, the new Vietnam business will “construct 7-Eleven stores [and] convert existing locations to the 7-Eleven brand” without disclosing which brand is to be swallowed up.

    While the initial stores will be company-owned, the company says it will eventually franchise stores to local entrepreneurs.

    “7-Eleven’s entry into the country aims to enhance the convenience-shopping experience for Vietnamese customers and contribute to modernizing small retailers in the world’s 13th most populous country.”

    7-Eleven US and its parent company, Seven-Eleven Japan, will provide start-up support for its newest master franchisee by assisting Seven System Vietnam in implementing 7-Eleven’s strategies of market concentration, team merchandising and item by item management. Vietnam marks 7-Eleven’s first new market in the Pacific Rim since it entered Indonesia in 2009.

    It already operates in the US, Canada, Mexico, Japan, Thailand, South Korea, Taiwan, China, The Philippines, Australia, Singapore, Malaysia, Indonesia, Norway, Sweden, Denmark and the UAE, where the first 7-Eleven store will open in the third quarter of this year.

  • Jardine wins Pizza Hut Myanmar rights

    Jardine wins Pizza Hut Myanmar rights

    Hong Kong’s Jardine Restaurant Group has gained the rights for Pizza Hut Myanmar and can open the primary restaurant there in November.

    Jardine opens greater than 600 Yum! Manufacturers franchises – Pizza Hut and KFC eating places in Hong Kong, Taiwan, Vietnam and southern China. It earlier misplaced the bid for KFC Myanmar to rival bidder Yoma Strategic Holdings.

    The primary Pizza Hut in Myanmar will open in a constructing adjoining to Metropolis Mart Market grocery store on Dhammazedi Rd.

    Yum! has been separating its Pizza Hut and KFC operations, and is reportedly shifting in the direction of choosing totally different companions for every of its franchises to realize a greater give attention to every of its manufacturers and keep their independence.

    KFC and Pizza Hut are the primary American quick meals manufacturers to enter Myanmar and comply with Korea’s Lotteria into the quick food-QSR market.

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  • Yum profit beats as China sales fall less than forecast

    Yum profit beats as China sales fall less than forecast

    Yum Brands shares rallied on Tuesday after the restaurant operator topped earnings expectations as comparable sales in China declined less than forecast.

    Yum, which operates KFC, Pizza Hut and Taco Bell restaurants, reported first-quarter earnings of 80 cents per share on revenue of USD2.62 billion.

    Same-store sales in China, a key division for the company, fell 12 percent during the quarter after allegations that a former supplier used expired meat. The company’s China unit has been especially hard hit this year because of a supplier scare last summer. Analysts expect same-store sales in the country to shrink 14.4 percent.

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  • New concept for Pizza Hut Hong Kong

    New concept for Pizza Hut Hong Kong

    Yum! Brands has unveiled a new concept store in Hong Kong – Pizza Hut Super Delco.

    The delivery-based, eat-in store model features smaller scale fast casual or a convenient eat-in area with seating for 30-50 customers. The company believes the new store model is ideal for locations with high traffic and in dense residential areas.

    In place of the stark, plastic look of the last generation of fast food stores, Pizza Hut Hong Kong Super Delco features cast iron ‘star-burst’ chandeliers, mosaic, light-wood tables and rustic grasses arranged amidst artisan olive oil bottles. In the words of Yum!, it looks more like a character-filled coffee bar than a pizza restaurant.

    Designed to create “a relaxing and intimate ambiance”, the new Super Delco offers “a flavorful oasis from the hectic lifestyle of millennials living in Hong Kong”, says Yum!.

    Pizza Hut Hong Kong is aiming to be the city’s ‘most loved’ pizza brand and the chain already boasts more than 100 outlets. It is one of the few Super Delco located anywhere in the world.

    Richard Leong, CEO of Pizza Hut Hong Kong, is excited about the opportunities the Delco Model store will bring to the region.

    “Pizza Hut Super Delco is a new business channel that will continue to be an engine of growth for us as the Hong Kong restaurant space becomes more competitive and the neighborhood dining scene is evolving. We also need to cater to a younger millennial generation seeking for a convenient meal replacement.”

    The Super Delco design was intentional as research showed that millennials in Hong Kong are looking for a relaxing place to enjoy a cup of coffee or tea and light meals (e.g. Panini or cake) during weekends in their neighborhood.

    It’s not just the design of the new Super Delco that’s infused with flavour: the menu brings new dishes, offering solutions for small groups or individuals with a focus on pasta, rice and mini-pizza.

    Dishes already proving popular among local customers include the Chinese New Year Pizza – Cheesy 7 Fiesta in the shape of a flower, and in Taiwan, the Pineapple Bun Stuffed Crust Pizza.

    “The overwhelming amount of encouraging responses to the new store opening has given the Hong Kong Pizza Hut team confidence in this exciting new venture,” Yum! said in a statement.

    More Super Delcos will now be opened in Hong Kong during the year.

  • Yum’s China sales fall less than expected, shares rise

    Yum’s China sales fall less than expected, shares rise

    Yum Brands Inc, owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor supplier, and its shares jumped 2.1 percent.

    Same-restaurant sales in China, Yum’s number one market for revenue and profit, fell 16 percent for the quarter that ended on 27 December on continued fallout from allegations that a former supplier used expired meat.

    But the decline was less severe than the 19.4 percent drop expected by analysts polled by Consensus Metrix, and shares in Yum rose USD1.51 to USD75.16 in extended trading.

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  • Pizza Hut to double Thai network

    Pizza Hut to double Thai network

    Pizza Hut Thailand plans to double its store network within five years.

    In an exclusive interview with The Nation newspaper, the new GM of Pizza Hut Thailand, Sabina Rizvi, says the company has a five year strategic plan to double its current 97-strong network and to achieve double digit profit growth.

    “We want to more than double the number of our Pizza Hut stores in Thailand in the next five years. We will invest more than half a billion baht (US$15.3 million) in our five-year expansion.”

    She said 70 per cent of the new stores would be delivery outlets.

    Last year Pizza Hut opened its first Express restaurant format in Thailand, in the Mega Bangna shopping centre in Bangkok and a second at Seacon Square. At just 50sqm, these outlets are a quarter the size of the standard 200sqm Pizza Hut restaurants in the country. With smaller footprints, rental rates are considerably lower, but the store’s focus is more on delivery or selling to customers who can dine in shared tables of a foodcourt environment.

    Rizvi said the stores were trading well.

    Pizza Hut Thailand posted eight per cent growth in the first three quarters of last year.

    “My vision is to make Pizza Hut the most loved pizza brand in Thailand,” Rizvi said.

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  • Pizza Hut to sell gluten-free pizza

    Pizza Hut to sell gluten-free pizza

    Beginning Jan. 26, roughly 2,400 of the chain’s 6,300 domestic locations will begin selling gluten-free pizzas. The move comes two years after rival Domino’s rolled out a pizza sold with a gluten-free crust — but not entirely gluten free. Pizza Hut will be the first major pizza chain to sell a pizza that is certified gluten-free.

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