Pizza Hut has a new deal to expand its international footprint

In a move to expand its global reach, Pizza Hut International has agreed to form an alliance with the largest non-U.S. pizza company.

The company, Madrid-based Telepizza Group, has more than 1,600 stores in more than 20 countries.

Pizza Hut, which is owned by Louisville-based Yum Brands (NYSE: YUM), announced on Wednesday a strategic deal and franchise alliance with the Madrid company, a deal that will solidify Pizza Hut's spot as the world's largest pizza brand and accelerate growth in Latin…

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