Domino’s buys stake in Taiwan operations

It plans to expand to 400 from 138 stores in the market in the long term.

Multinational restaurant chain Domino’s Pizza Enterprises (DPE) is acquiring a 100% interest in PizzaVest Company in Taiwan from Formosa International Hotels Corporation, buying its stores and franchise rights for about $61.53m (NT$1.7b), according to a press release.

PizzaVest, which held Domino’s in Taiwan, has the second largest pizza chain in the market, with a network of 138 franchised stores and 19 corporate stores. DPE intends to expand the business with a long-term goal of over 400 stores and growing average weekly unit sales.

DPE expects to work with experienced local pizza experts who “built a solid foundation in the market,” the company said.

The transaction is expected to complete in the first half of FY 2022.

Follow the link s for more news on

Domino's

food retail news

pizza

Also Read

Omnichannel retail is the path to profit

Starbucks opens largest greener store in Thailand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit