Everstone buys stake in Dominos

Everstone Capital has acquired Domino's Pizza's Indonesia franchise by picking up 51 percent stake for USD 20 million, stated a media report.

F&B Asia Ventures, a part of Everstone which specialises in creating a portfolio of food and beverage brands across South Asia and India will look after this new investment. The company plans to expand its operations of 60 branded pizza outlets in six Indonesian cities, including Jakarta and Bali.