Restaurant Brands settlement of Hawaiian deal delayed to February

Fri, 06 Jan 2017

By Sophie Boot Jan. 6 (BusinessDesk) - Restaurant Brands New Zealand says its deal to buy Pacific Island Restaurants (PIR), the largest fast-food operator in Hawaii with 82 Taco Bell and Pizza Hut stores, has been delayed until the end of February. The fast-food retailer announced it had entered into a conditional agreement to buy PIR in October, but "due to the delay caused by the Christmas/New Year period", the franchisor's approval is now expected to be received by the end of February, Restaurant Brands said in a statement to the NZX t...

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