Pizza Hut has bought the troubled Eagle Boys pizza chain and begun converting stores with its own branding.
Pizza Hut Australia chief executive Lisa Ransom said franchise agreements have been signed with just over 50 of the 100 Eagle Boys outlets still in operation.
“We will continue to try to expand that number moving forward,” Ms Ransom said.
The amount paid by Pizza Hut has not been disclosed.
Pizza Hut hopes to have about half of its Eagles Boys stores operating under the Pizza Hut brand by Christmas, with the rest to follow by the end of the first quarter of 2017.
Eagle Boys franchisees who have not signed agreements with Pizza Hut will continue to trade.
“They will continue to trade as Eagle Boys for the next few mo…
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