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Originally Posted by Cobbydaler
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What gets me if you want to sit in your house you get 50 per cent off or pick it up. But if you take time to go into the restraunt you pay full price wrong eh found out restraunt and delivery seperate businesses. The guy who owns Pizza Hut restraunts owns buy as you view
Finers Stephens Innocent LLP is pleased to announce that it acted as the real estate legal adviser to Yum! Brands Inc, the owner of the Pizza Hut brand on the franchise sale of its Dine-In restaurants in the UK to Rutland Partners.
In the deal, Rutland Partners has acquired the share capital of Pizza Hut UK Ltd, the company which owns 352 dine in restaurants with 52 to close and 600 in America and will operate them under a franchise agreement from Yum!. Pizza Hut UK Ltd, was close to administration in Q1 2012 but now Rutland will invest £20 million in support of a broad £60 million refurbishment and restructuring programme of the business including menus, costs and quality. Yum! will continue to act as Franchisor for the Dine-In business whilst Yum retains ownership of the successful growing Pizza Hut delivery business in the UK through franchise and equity new unit development.
Finers Stephens Innocent has advised Pizza Hut for a number of years and on this deal the team was led by real estate partner, Adam Walford, together with Julian Hindmarsh (Head of real estate) and Katherine Miller (Senior Associate, real estate).
Sarah Nelson Smith, Legal Director, Yum! Restaurants International commented on the FSI performance “we really appreciate the support that Adam and his team gave us. Their accuracy and thoroughness during the deal helped us enormously and was hugely appreciated by all concerned.”