Business

Papa John’s Int’l, Inc. (NASDAQ:PZZA) Is Expanding Into A New Country

Papa John’s Int’l, Inc. (NASDAQ:PZZA) is keeping is maintaining the momentum of its growth in the international market after signing an agreement to open stores in Morocco. If open, this will be the third countries that Papa John’s has opened in stores in Africa after Egypt and Tunisia.

According to a new statement, Planet Pizza Inc based in Morocco, has been granted exclusive rights to develop and market the brand in Morocco. The company plans to set up 20 stores in the country with the first store set to be in Casablanca.

Papa John’s which is based in Louisville now boosts of over 5,000 stores spread out in 45 countries and territories including over 1,600 stores in the international market.

The entry into Morocco is part of the company’s development strategy of expanding into the global market. In 2016, the company launched stores in six countries Tunisia, the Netherlands, Spain, France, Israel and Iraq.

The branch in France is situated in Kingersheim and was opened on May 23, 2016. In a statement during the launch, Master Franchisee Hassan Bouanaka said the company is known for high quality pizzas adding the company will elevate the French pizza experience.

Hassan Bouanaka has 18 years of experience in the pizza industry having joined the industry in at the age of 16. He has been rising in ranks until owning and managing seven stores in Northern France. He later abandoned the restaurant business and ventured into Hassan Bouanaka.

With nearly one in every four citizens under the age of 25 in France unemployed, Papa John’s restaurants’ expansion in the region will definitely come with good news and is likely to make impact. The store plans to launch over 30 more outlets spread out from Besanҫon to Lille in the next decade. The stores have the potential to create several employment opportunities in the Northeast quarter of France.

Papa John’s is the world’s third largest pizza delivery company. Papa John’s has been rated No.1 for the last 14 years in customer satisfaction among several American pizza chains.

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