One of the top executives at California’s Flynn Restaurant Group says the large market share gap between Domino’s and Pizza Hut, which it acquired in June, was part of the appeal in making the investment.
Flynn acquired the brand’s local master licence from Sydney-headquartered private equity firm Allegro Funds, adding 260 stores to its portfolio – its first international expansion. Flynn operates more than 2000 outlets in the United States including Pizza Hut, Applebee’s, Arby’s, Taco Bell and Wendy’s-branded restaurants.