Founded: Wichita, Kansas, USA 1958
Headquarters: Addison, Texas, USA
Key people: Dan and Frank Carney
Industry: Fast food
Products: Pizza, Pasta
History
The chain was founded as a pizzeria in 1958 by Dan and Frank Carney. Borrowing US $600 from their mother Kathy, they purchased some second-hand equipment. Then the University of Wichita (now Wichita State University) students took a family pizza recipe, rented a small building, and opened the first restaurant at a busy intersection in Wichita, Kansas.The Original Pizza Hut building was later relocated to the Wichita State University campus. Additional restaurants were opened, with the first franchise unit opening in 1959 in Topeka, Kansas. At the same time Pizza Hut was growing in and around Kansas, Shakey's Pizza was developing a stronghold along the West Coast. The competition provided Pizza Hut the impetus to evaluate its mission and direction. Dan and Frank Carney saw Shakey's expanding into their territory and realized that they needed to determine if Pizza Hut should be in the entertainment business or if it should be a neighborhood pizza restaurant. They decided to stick with the neighborhood business and realized that they needed to have a good standard image. The Carney brothers began to systematize operations and building designs to counter the competition from Shakey's. The franchise network continued to grow through friends and business associates, and by 1964 a unique standardized building appearance and layout was established for franchised and company-owned stores, creating a universal look that customers easily recognized.
By 1970, with 310 stores nationwide, Pizza Hut went public on the New York Stock Exchange under the stock ticker symbol PIZ. In 1977, Pizza Hut was acquired by Pepsico, who later also bought KFC and Taco Bell. In 1997, the three restaurant chains were spun off into Tricon, and in 2002 joined with Long John Silver's and A&W Restaurants to become YUM! Brands. Pizza Hut has opened Pizza Hut Express which specialize in small 9" pizzas. The oldest continuously operating Pizza Hut in the world is in Manhattan, Kansas, in a shopping and tavern district known as Aggieville.
Health Issues
Pizza Hut in the UK have been criticized for the high salt ******* of some of their meals which were found to contain more than twice the daily recommended amount of salt for an adult.
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