Pizza Hut Australia owner taps bankers to ready potential buyers — report | QSR Media
, Australia
388 views

Pizza Hut Australia owner taps bankers to ready potential buyers — report

Allegro Funds is preparing to auction the pizza franchise.

Allegro Funds, the owner of Pizza Hut in Australia, has hired Miles Advisory and had the firm’s dealmakers preparing potential buyers for a confidential auction, the Financial Review reported.

Pizza Hut Australia CEO Phil Reed told QSR Media it is "hoped" a process will start next year.

"COVID shutdowns at the beginning of the year slowed new store openings so Allegro decided to wait until 2023," he clarified.

Editor's Note: The article has been updated to include a response from Pizza Hut Australia CEO Phil Reed.

Follow the link for more news on

Join QSR Media community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!