Passage 1
In 1958, two young college students, brothers Frank and Dan Carney, opened the first Pizza Hut restaurant in Kansas, USA with US600. The Carney brothers found that there was a great potential in franchises, so they decided to use that as a foundation for their business. A year later, the first Pizza Hut franchise store opened.
In 1977, Pizze Hut became subsidiary of PepsiCo.Inc. Through mergers and acquisitions, as well as organic growth, Pizza Hut has sccured a prominent position in the market.
Today, franchises and joint venture partnerships account for more than hatf of the Pizza Hut system's total units. Following the opening of the first international restaurant in Canada in 1968, Pizza Hut restaurants quickly appeared in Mexico, South America, Australia, Europe, the Far East and Africa. The red roof was introduced as the company logo which was soon to become world famous as an easily recognized guarantee of crispy pizza, delicious pasta and Triendly service in a pleasant atmosphere.
Pizza Hut,a division of Tricon Globat Restaurants,ine., is now the world's' largest pizza restaurant company with more than 8, 000 units in the United States and more than 4,000 units in over 90 countries and territories. The company is the recognized leader in the $25 billion pizza category worldwide. It has more than 250, 000 employees worldwide, providing more than 1.7 million pizzas to more than 4 million customers each day.
42.Franchise has brought about the spread of Pizza Hut worldwide not only at the beginning of its business but also at present.