© Wirestock, Inc./Alamy Stock Photo Papa John's is planning to open over 1,350 stores in China by 2040. Papa Johns is making a big bet on China. The pizza chain plans to open over 1,350 stores in South China by 2040 in partnership with the Asian private equity firm FountainVest Partners, it said on Friday. The deal will increase Papa Johns current global count by 25%, and marks the largest franchisee development agreement in the pizza company's history. The move follows a rebrand undertaken by Papa Johns last year, when the company dropped the apostrophe in "Johns" and updated its log and store designs.

Source: CNN January 07, 2022 23:33 UTC