TL;DR
Domino's Pizza Group has partnered with its largest franchisee in London, acquiring a 75% stake in a newly formed company with 25 existing Domino's stores. The transaction is worth £24 million and is expected to be completed in September 2017.
News
Domino’s Pizza Group partners London’s largest franchisee
Domino’s Pizza Group plc (“DPG” or the “Group”), the leading pizza company in the UK, has announced the creation of a partnership with its largest franchisee in London.
As part of the transaction DPG has agreed to pay £24 million to have a 75% stake in a newly formed company whose assets will consist of all the franchisee’s operations being 25 existing Domino’s stores in London.
The creation of the partnership will enable DPG to take advantage of the significant growth opportunity in the London area. The transaction is subject to final contract, with completion expected in September 2017.
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In this story
This story was originally published by Global Franchise Team in Global Franchise on September 7, 2017. Burnaze summarizes and links to the original reporting.
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