Poland's Pizza Hut swallowed the Russian One

The operator of KFC and Pizza Hut restaurants in Poland, AmRest Holdings has announced the takeover of Pizza Hut franchisee in Russia – Pizza Nord. The deal went for $48 million.



Pizza Nord manages 41 Pizza Hut and Rostiks-KFC restaurants in Moscow, St. Petersburg and Kazan. AmRest Holdings controls 202 restaurants in Poland, Czechia and Hungary. In addition to being franchisee of KFC, Pizza Hut and Burger King chains, it promotes its own Fresh Point and Rodeo Drive. The analysts say the takeover will bring momentum to Russia’s expansion of Pizza Hut.