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NEWS| IHC acquires Pizza Hut franchise in central India

India Hospitality Corp, which has made significant investments in hospitality and air catering businesses in India, has acquired the franchise for Pizza Hut brand for central India from its current owner for an undisclosed amount.

The transaction, which is yet to get approval from Pizza Hut's parent company Yum Brands, could translate into a significant slice of business for IHC, since central India is under serviced and the existing franchisee (Entertainment World Developers or EWDPL) managed to open only an outlet each in Bhopal and Indore till now.

In contrast, the franchisee for Pizza Hut in north and east India -- Ravi Jaipuria -- has already managed to open close to 60 outlets and is expanding further.

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