Domino’s goes cold on European adventure - News Summed Up

Domino’s goes cold on European adventure


David Wild, left, said that a dispute with British franchisees was unlikely to be resolved until next yearDomino’s Pizza Group yesterday named its Australian counterpart as a potential buyer of its international business after announcing plans to sell the loss-making operations. David Wild, chief executive, confirmed that it would contact Domino’s Pizza Enterprises, which holds the Domino’s master franchise rights in Australia and New Zealand along with Belgium, France, the Netherlands, Japan, Germany, Luxembourg and Denmark. Asked whether its Australian listed sister company might buy the British group’s operations in Switzerland, Iceland, Norway and Sweden, Mr Wild, 64, said: “Clearly they’re somebody we’ll be making phone calls to, but we need more than one option.”The two franchisees know each other well as Domino’s Pizza Enterprises rode to the rescue of its British cousin four years ago when an earlier international foray,…


Source: The Times October 17, 2019 22:52 UTC



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