EMCC European Monitoring Centre on Change

AmRest

Company/Organisation:
AmRest

Geographic Location

Country: Germany

Company

Sector: Hotel / restaurants
Accomodation and food service activities
56 - Food and beverage service activities
Number Employed: 1400
Group: Yum Brands

Employment Effects

Announcement Date: 31-07-2017
Type of Restructuring: Business expansion
Employment Effect Start: 01-08-2017
Foreseen End Date: 01-08-2022
Planned Job Creation: 2000

Additional Information

The US-based restaurant chain Pizza Hut announced on 31 July 2017 that it would enter into a partnership with Polish fast-food restaurant operator AmRest Holdings. AmRest will become the master-franchisee for 67 Pizza Hut Dine in, Express and Delivery restaurants in Germany and thereby create 2,000 new jobs.

Under the Master Franchise Agreement (MFA), AmRest agreed to double the number of Pizza Hut restaurants within the next 3 to 5 years. The Agreement came into force on 1 August 2017 and was signed for an initial period of 10 years.