The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56 - Food and beverage service activities
2,000 jobs Number of planned job creations
Announcement Date
31 July 2017
Employment effect (start)
1 August 2017
Foreseen end date
1 August 2022
Description
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.
Sources
31 July 2017: AmRest (Online)
31 July 2017: cafe-future.net
1 August 2017: Handelsblatt (online)
Citation
Eurofound (2017), AmRest, Business expansion in Germany, factsheet number 91721, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91721.
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