Pizza Hut Malaysia closes in on 400th store
Pizza Hut Malaysia will open its 400th store in within the next three months.
The company says it plans 15 new stores this calendar year, part of the 67 it announced last year within three years.
Parent QSR Brands operates 810 KFC locations in its territory of Malaysia, Singapore, Brunei and Cambodia, drawing 25 million customers per month. It has another 393 Pizza Huts in Malaysia and 80 in Singapore, attracting 6 million diners per month.
QSR Brands restaurants division CEO Merrill Pereyra said Pizza Hut anticipates a strong year as it heads towards a planned IPO in the next quarter, partly aimed to raise capital for network expansion.