Pizza

Financing

The problem with Pizza Hut

The Bottom Line: This week’s edition of the weekly restaurant finance newsletter looks at the challenges at Pizza Hut and a huge reason why it fell behind longtime rival Domino’s.

Financing

Pizza Hut is closing 250 U.S. restaurants

Parent company Yum Brands is still conducting a strategic review of its struggling fast-food pizza chain but plans investments in marketing early this year as part of an agreement with franchisees.

The Bottom Line: The pizza chain’s shift from a full-service model to takeout and delivery was the biggest service model shift in restaurant industry history. But it has not spurred the growth for which the company hoped.

The culinary team at the Atlanta-based pizza chain tested countless iterations to elevate the pie’s flavor and texture and have it stand out in a crowded category.

The Texas-based pizza buffet chain is being sold to a family office investment firm of tax consultant Brint Ryan.

A quick-service pizza franchise brand operated by Carbone Restaurant Group is falsely claiming to be associated with the high-end Italian-American restaurant Carbone in New York and around the world. Investors could be being duped, according to court filings.

With career roots that include McDonald's and Subway, Owen brings deep franchising experience to the fast-casual pizza brand. He replaces Beto Guajardo at the helm.

The fast-casual chain ultimately blamed its sales decline on the pandemic. But the parent company's acquisition of 29 underperforming franchised locations went awry, forcing the closure of 17 units before this week's filing.

The Bottom Line: A decade ago, several fast-casual chains emerged in the race to become to pizza what Chipotle was to Mexican. None of them made it.

The fast-casual pizza chain founded in 2011 was once one of the promising franchise brands in the niche, before the pandemic.

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