The Pizza Hut brand experienced major change in 2000. Home delivery is a high convenience concept, which has grown rapidly and will continue to do so. To capture this opportunity, the brand completely changed Pizza Hut from a dine-in business to a home delivery and takeaway operation. This was achieved by acquiring and rebranding the Eagle Boys chain. The first Eagle Boys store was converted to a Pizza Hut in June 2000 and the last store was converted just 13 weeks later. All Pizza Hut stores are now home delivery carryout (delco) outlets. The Pizza Hut network, with 100 stores now has a store within eight minutes’ drive time of 90% of Kiwi homes.
In 2011 Pizza Hut commenced selling a number of its smaller regional stores to independent franchisees. This process has continued and the Pizza Hut brand now has over 80 stores operating under independent franchisees.
In 2011, Restaurant Brands acquired the New Zealand franchise for Carl's Jr., an exciting new burger brand, entering a new phase of international growth. The brand commenced rolling out stores in late 2012 and now has 18 stores in operation.
In April 2016, Restaurant Brands purchased 42 KFC stores in New South Wales, Australia and has subsequently enlarged its investment by acquisition to 63 stores.
In March 2017, the company purchased 37 Taco Bell and 45 Pizza Hut stores in Hawaii and Guam, further increasing its offshore operations.
On 1 April 2019 Finaccess Capital, S.A. de C.V. through its subsidiary Global Valar S.L. completed a successful takeover for 75% of the Company’s issued capital at $9.45 per share. The company remains listed on the NZX and ASX for 25% of its current shares on issue.
In November 2019 Restaurant Brands opened its first Taco Bell store in New Zealand followed by its first two stores in New South Wales, Australia.
In September 2020 Restaurant Brands purchased 69 KFC stores (including 11 multibrand KFC-Taco Bell stores) in Southern California, continuing its ambitious international growth strategy.