The acquisition, finalised on 1 November 2023, follows a successful initial launch in Kirkcaldy and has seen the transfer of 293 employees, swelling Glenshire’s total Pizza Hut franchises to 17.

The franchise is operated by subsidiary company Glenshire Brands, a joint venture of Glenshire Group and Round Box, who opened their first Pizza Hut franchise adjacent to convenience store Greens of Kirkcaldy in September this year.

The acquisition builds on Greens Retail’s current estate of 21 convenience stores, and group managing director Harris Aslam says that the partnership harmonises well with the group’s existing business.

Mr Aslam said: “There are significant synergies between our existing convenience retail business and Pizza Hut which has allowed for seamless integration.

“We now have a group strength of 700+ colleagues and are on a mission to deliver our shared values of putting our customers and our people at the heart of everything we do.

“Pizza Hut remains committed to expanding its presence in Scotland, and so we clearly share the same vision for ambitious growth whilst delivering unparalleled quality pizzas.”

Commenting on the success of their first franchise in Kirkcaldy, Mr Aslam added: “We brought Pizza Hut back to the town after a 10-year hiatus, and the response so far has been phenomenal.

“Customers from a considerable radius queued up for hours on launch, and we’ve seen a steady flow of trade since. We knew very quickly that we wanted to ramp up the operation and expand.”

Nicolas Burquier, managing director of Pizza Hut Europe, said: “We are extremely excited by our partnership with our new franchisee, Glenshire Group, and value the opportunities this brings to local communities, as well as the continued investment in the brand our fans know and love.

“Our business thrives on strong partnerships with our franchisees, and Glenshire Group has a wealth of experience in convenience retail and operating food service.

“It’s a partnership we are excited about. It’s clear we have the same goals and ambition to drive growth and continuing to deliver our iconic pizzas, making them an ideal partner to expand our Scottish offering.

“As we approach the 50th anniversary of Pizza Hut in the UK, I’m grateful for the incredible work of each of our franchisees and all of our Team Members, who have helped us continue to grow following the pandemic and throughout the cost-of-living crisis. I appreciate their dedication to the Pizza Hut brand.”