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Stock impact report

Papa John's Plans Major China Push With PE Firm FountainVest [TheStreet.com]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: TheStreet.com
Papa John's International ( ) - has partnered with private-equity firm FountainVest Partners to open more than 1,350 of the pizza chain's franchised stores across southern China by 2040. Terms weren't disclosed. The Louisville, Ky., pizza chains called China "one of the world's fastest-growing pizza delivery markets." As part of the deal, FountainVest, based in Hong Kong, bought a majority stake in a current Papa John's franchisee, CFB Group, which owns and operates 160 of the chain's outlets in Shanghai and across southern China. "Papa John's has enormous global development white space in the U.S. and in attractive growth markets, especially relative to our peers," President and Chief Executive Rob Lynch said in a statement. "Our new development agreement with FountainVest alone stands to grow Papa John's' current global unit count by 25%." TheStreet Recommends 28 minutes ago 31 minutes ago 1 hour ago Papa John's, founded 1984, said that in recent years it has entered 15 new Show less Read more
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