Papa Johns Announces Historic Development Deal With FountainVest Partners To Open Over 1,350 New Stores In China [TheStreet.com]
Papa John's International, Inc. (PZZA)
Last papa john's international, inc. earnings: 2/26 07:00 am
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Source: TheStreet.com
Papa John's International, Inc. ( ) - ("Papa Johns") today announced a partnership with FountainVest Partners, one of Asia's leading independent private equity firms, to open more than 1,350 new stores across South China by 2040. The franchisee development agreement, the biggest in Papa Johns history and the largest master franchise deal announced in the pizza industry in recent years, is expected to greatly expand the Company's footprint in China, one of the world's fastest-growing pizza delivery markets. FountainVest has also purchased a majority stake in current Papa Johns franchisee CFB Group, which owns and operates approximately 160 restaurants in Shanghai and across southern China. The addition of a committed new franchisee partner to the brand begins another strong year of development activity for Papa Johns, following last year's major international and domestic development deals, accelerating store openings across all markets, and continued innovation and strong comparable
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News
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- Papa John's International, Inc. (NASDAQ: PZZA) was upgraded by analysts at Stifel Nicolaus from a "sell" rating to a "hold" rating. They now have a $60.00 price target on the stock, down previously from $65.00.MarketBeat
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PZZA
Earnings
- 2/29/24 - Beat
PZZA
Sec Filings
- 3/29/24 - Form PX14A6G
- 3/29/24 - Form ARS
- 3/29/24 - Form DEF
- PZZA's page on the SEC website