Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Papa John's Ramps Up China Expansion Via FountainVest Partnership

  • Papa John's International Inc (NASDAQ:PZZA) has entered into a partnership with FountainVest Partners, an Asian private equity firm, to open more than 1,350 new stores across South China by 2040. The financial terms were not disclosed.
  • The company expects the franchise development agreement to expand its footprint in China.
  • "Our new development agreement with FountainVest alone stands to grow Papa John's current global unit count by 25%," said CEO Rob Lynch.
  • FountainVest has also purchased a majority stake in the current Papa John's franchisee CFB Group, which owns and operates approximately 160 restaurants in Shanghai and across southern China.
  • Price Action: PZZA shares closed higher by 2.45% at $125.92 on Thursday.
Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Anaconda And Primate Are Streaming On The Same Day, And This Is My New Barbenheimer
Let's make it an Anacondate!
Cinemablend
Cinemablend
William Shatner's 95th Birthday Post Is On Brand (And A Far Cry From Captain Kirk)
You won't see this on TOS.
Cinemablend
Cinemablend
Anya Taylor-Joy ‘Threw Up’ The First Time She Recorded Princess Peach Lines For The Super Mario Bros. Movie
That does sound pretty intense.
Cinemablend
Cinemablend
I accidentally used hugelkultur to fill my deep planter – and it's saved me a small fortune on soil and my plants are thriving too
It turns out it's a genius, budget-friendly gardening method
Ideal Home
Ideal Home
‘I am in shock’: Woman goes to auction in rural Pennsylvania. Then she spots boxes labeled Chanel, Hermes, Cartier
Thrifting’s been all the rage for literally ages. There’s also been a bit of a thrifting renaissance thanks to the advent of TikTok popularizing thrift hauls. But when’s the last time you heard about an auction?
The Mary Sue
The Mary Sue
David Bowie Trailblazed the 'Everyday Exhibits' Trend in His '70s Living Room With A Retro Twist on Curated Clutter – It's Playful, Practical, and Replicable
A photo from 1971 shows that the musician was tapping into personality-led interiors long before they were a trend – experts say his look is the blueprint
Homes & Gardens
Homes & Gardens
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play