Market News

Pizza Hut hits Sh350m investment with Village Market outlet

Pizza Hut outlet on University Way. PHOTO | SALATON NJAU | NMG
Pizza Hut outlet on University Way. PHOTO | SALATON NJAU | NMG 

Global pizza maker Pizza Hut says local investment will hit Sh350 million with 60 employees when it opens its fifth branch at Village Market Saturday.

The local franchise holder Feast’s general manager Eric Omondi said the new outlet will introduce new flavours and pizza innovations among them Pan Pizza and Stuffed Crust.

Mr Omondi said Pizza Hut is eyeing more locations to boost presence from the current four at Westgate Mall, College House on University Way, Fedha Plaza in Westlands and Yaya Centre.

He said the new branch also targets to grow sales via home deliveries to the upmarket Runda, Gigiri and Rosslyn estates.

“Pizza Hut Village Market will operate from 10am to 10pm. The brand is excited about the prospects of serving more Kenyan customers as we open more restaurants and continue our African expansion.

The Kenyan openings are part of wider plans under which Pizza Hut will grow its number of Sub-Saharan outlets to 100 by the end of 2017,” said Pizza Hut Africa general manager Ewan Davenport.

Pizza Hut is a subsidiary of New York-listed pizza and snacks maker Yum! Brands started 59 years ago in Wichita, Kansas, US—which last year generated Sh600 billion in revenues while its shares are currently trading at Sh8,286 a share.

Pizza oversees operations in 16,000 restaurants in 100 countries.

The new Pizza Hut outlet will be located at Village Market’s new wing that is part of the Sh5 billion expansion by mall owner Greenhills Investments Limited.

The expansion drive launched in 2014, saw a five-star hotel open last November targeting business tourists, luxury product stores as well as new retail outlets and restaurants.