Restaurant Brands
Encyclopedia
Restaurant Brands is a fast food
company based in New Zealand
and is listed on the NZ Stock Exchange as RBD. It operates most of New Zealand's KFC
, Pizza Hut
, and Starbucks
stores and provides management and support services to New Zealand's independent KFC franchisees. It holds the New Zealand franchise for KFC and Pizza Hut from Yum Restaurants and Starbucks from Starbucks USA
. It acquired KFC in 1989 and Pizza Hut in 1995. The company originally purchased 122 stores, 77 KFC stores, 43 Pizza Hut stores and 2 Joint KFC and Pizza Hut stores. It was listed on the New Zealand Stock Exchange in May 1997 at an offer price of NZ$2.20. It secured the New Zealand franchise for Starbucks Coffee in 1998. In 2000 it acquired the Eagle Boys
pizza chain and rebranded it as Pizza Hut.
In 2002 the company expanded its operations overseas with the acquisition of 51 Pizza Hut stores in Victoria, Australia. The Victorian operation ultimately proved unsuccessful, Restaurant Brands exiting the Australian market entirely by early 2008.
Fast food
Fast food is the term given to food that can be prepared and served very quickly. While any meal with low preparation time can be considered to be fast food, typically the term refers to food sold in a restaurant or store with preheated or precooked ingredients, and served to the customer in a...
company based in New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
and is listed on the NZ Stock Exchange as RBD. It operates most of New Zealand's KFC
KFC
KFC, founded and also known as Kentucky Fried Chicken, is a chain of fast food restaurants based in Louisville, Kentucky, in the United States. KFC has been a brand and operating segment, termed a concept of Yum! Brands since 1997 when that company was spun off from PepsiCo as Tricon Global...
, Pizza Hut
Pizza Hut
Pizza Hut is an American restaurant chain and international franchise that offers different styles of pizza along with side dishes including pasta, buffalo wings, breadsticks, and garlic bread....
, and Starbucks
Starbucks
Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 17,009 stores in 55 countries, including over 11,000 in the United States, over 1,000 in Canada, over 700 in the United Kingdom, and...
stores and provides management and support services to New Zealand's independent KFC franchisees. It holds the New Zealand franchise for KFC and Pizza Hut from Yum Restaurants and Starbucks from Starbucks USA
History
Restaurant Brands was formed to acquire shares in KFC and Pizza Hut from PepsiCoPepsiCo
PepsiCo Inc. is an American multinational corporation headquartered in Purchase, New York, United States, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company...
. It acquired KFC in 1989 and Pizza Hut in 1995. The company originally purchased 122 stores, 77 KFC stores, 43 Pizza Hut stores and 2 Joint KFC and Pizza Hut stores. It was listed on the New Zealand Stock Exchange in May 1997 at an offer price of NZ$2.20. It secured the New Zealand franchise for Starbucks Coffee in 1998. In 2000 it acquired the Eagle Boys
Eagle Boys
Eagle Boys is an Australian fast food chain specialising in pizza. Eagle Boys has over 300 stores throughout Australia,particularly in regional areas. Currently it has no stores in Tasmania. Eagle Boys was as of 2007 the third largest pizza chain in the country....
pizza chain and rebranded it as Pizza Hut.
In 2002 the company expanded its operations overseas with the acquisition of 51 Pizza Hut stores in Victoria, Australia. The Victorian operation ultimately proved unsuccessful, Restaurant Brands exiting the Australian market entirely by early 2008.