Domino's Pizza Group PLC DPG announces new franchisee partnership (7525N)
August 11 2017 - 2:28AM
UK Regulatory
TIDMDOM
RNS Number : 7525N
Domino's Pizza Group PLC
11 August 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
DPG announces new franchisee partnership
Domino's Pizza Group plc ("DPG" or the "Group"), the leading
pizza company in the UK, today announces the creation of a
partnership with its largest franchisee in London. As part of the
transaction DPG has agreed to pay GBP24 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.
For further information, please contact:
Domino's Pizza Group plc:
Charlie Parry, Head of Corporate
Finance 01908 580 732
Maitland:
Kate O'Neill 020 7379 5151
Notes to Editors:
About Domino's Pizza Group plc
Domino's Pizza Group plc is the UK's leading pizza brand and a
major player in the Irish market. We hold the master franchise
agreement to own, operate and franchise Domino's stores in the UK,
the Republic of Ireland, Switzerland, Luxembourg and Liechtenstein.
In addition, we have a controlling stake in the holders of the
Domino's master franchise agreements in Iceland, Norway and Sweden,
as well as an associate investment in Germany. As at 25 June 2017,
we had 1,130 stores across six markets.
Since opening the first Domino's store in the UK in 1985, we now
have around 1,000 stores across the country and over 35,000 team
members, each helping to make and deliver our freshly handcrafted
pizzas. In November 2016, we increased our long term store target
for the UK to 1,600 and to 400 stores for markets outside of the UK
(excluding our German associate investment).
There are hundreds of millions combinations on our menu, all
bursting with great quality ingredients like vine-ripened tomato
sauce, creamy mozzarella and our signature fresh dough. As well as
having a great tasting product, we're relentless in our pursuit of
technology to make our customers' lives that little bit easier.
Customer insights remain at the heart of all great innovation at
Domino's.
We're driven by our brand purpose "to feed the power of
possible, one pizza at a time". This desire to never standstill
underpins the entrepreneurial spirit of our franchisees, our
dedication to innovation and commitment to keeping promises.
Together, it drives us to achieve our vision to be "the number one
pizza company in the world and in every neighbourhood".
Founded in 1960, Domino's Pizza is the recognised world leader
in pizza delivery, with a significant business in carryout pizza.
Its system is primarily comprised of independent franchise owners,
and has a global enterprise of 14,200 stores in over 85
international markets (as at 18 June 2017).
This information is provided by RNS
The company news service from the London Stock Exchange
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