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Restaurant Brands bids for Hawaiian chain

Restaurant Brands NZ plans to buy Pacific Island Restaurants, the largest fast food operator in Hawaii to diversify its earnings away from New Zealand where it runs the KFC, Pizza Hut, Starbucks Coffee and Carl’s Jr food chains. The Kiwi-based chain has also posted a 0.7 per cent increase in first half profit to $13.5 million for the 28 weeks to September 12. Total group sales were $256.2 million, up 22 per cent from the previous corresponding period, with the bulk of the increase coming f