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Domino's Pizza takes stake in London franchises

Company News

Domino's Pizza takes stake in London franchises

Fri, 11 August 2017
Article viewed 114 times
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Domino's Pizza takes stake in London franchises
Domino's Pizza Group Quote more

Price: 329.30

Chg: 0.30

Chg %: 0.09%

Date: 10:14

FTSE 250 Quote

Price: 20,120.02 Chg: -26.86 Chg %: -0.13% Date: 10:20

(ShareCast News) - Domino's Pizza Group announced the creation of a partnership with its largest franchisee in London on Friday.
The FTSE 250 company said that, as part of the transaction, it agreed to pay £24m for 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 Domino's board said in its statement.

"The transaction is subject to final contract, with completion expected in September 2017."