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erienewsnow.com 07 Jan, 2022 21:00 am

Papa Johns plans to open over 1,350 stores in China - Erie News Now

Papa Johns plans to open over 1,350 stores in China - Erie News Now
By Danielle Wiener-Bronner, CNN Business

By Danielle Wiener-Bronner, CNN Business Papa Johns is making a big bet on China.The deal will increase Papa Johns current global count by 25%, and marks the largest franchisee development agreement in the pizza company's history.Late last year, Papa Johns CEO Rob Lynch pointed to China as fertile ground for growth for his company, as well.Papa Johns has a "huge development opportunity in markets where we already compete, but are much less penetrated," compared to the competitors, Lynch said at the time.

"I would offer China as an example," Papa Johns has also been expanding into other regions.The "partnership with FountainVest marks another major milestone in achieving Papa Johns global growth potential," Lynch said in a statement on Friday.

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