Domino’s Pizza to exit foreign markets

Spread the love

Domino’s Pizza to exit foreign markets

Domino’s Pizza Group Plc (DOM.L), Britain’s biggest pizza delivery company, on Thursday said it would quit its loss-making internationaloperations, sending shares higher in early trade.

The decision to exit four European markets comes a few months after the company announced CEO David Wild would retire, in the midst of a row with disgruntled franchisees in the UK and Ireland over commercial terms.

The British company – which is itself a franchise of U.S.-based Domino’s Pizza Inc (DPZ.N) – owns Domino’s operations in Switzerland, Iceland, Norway and Sweden, and owns a minority stake in its German operations.

“We have concluded that, whilst they represent attractive markets, we are not the best owners of these businesses,” outgoing CEO Wild said.

READ  BBNaija 2018: I hate Miracle, want him in hell – Nina says in tears

Leave a Reply