Bengaluru, Feb. 4 -- Quick service restaurant (QSR) operator Devyani International Ltd is planning to turn around its loss-making Pizza Hut business, which has proven to be an Achilles' heel for the company over several quarters.
Manish Dawar, the incoming president and chief executive, said the company will add zero net new Pizza Hut outlets in calendar 2025 and 2026, shifting attention instead to fixing the fundamentals.
A key priority is shutting loss-making stores, alongside upgrading technology, an area where Devyani has fallen behind its peers, he said, adding the clean-up exercise could take a couple of years.
Pizza Hut will also see sharper marketing, a stronger innovation pipeline, and more targeted online-offline strategies a...
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