Papa John's Acquires Drake Food Service International's Restaurants in UK
Papa John's Acquires Drake Food Service International's Restaurants in UK

Papa John’s International has announced the acquisition of restaurants previously operated by the M25 division of Drake Food Service International (DFSI) in the United Kingdom.

The transition of restaurants will establish a portfolio of Company-owned restaurants in the market. Financial terms of the transaction were not disclosed.

“The UK is important within our international footprint with the largest number of stores outside of North America, strong brand awareness with consumers and potential for long-term growth as we still have tremendous whitespace in the market,” said Amanda Clark, Chief International and Development Officer for Papa Johns by adding that owning and operating restaurants will allow Papa Johns to follow a similar model that they’ve created in the US.

The new corporate-owned restaurant portfolio will consist of 91 locations across London and other parts of the UK.

The company sees opportunities to implement operating model enhancements including revenue management capabilities, product and technological innovation and operational efficiencies, to improve sales and restaurant-level profitability.

As part of the transition, approximately 1,000 employees working for DFSI M25 will become team members of the company.

However, DFSI will continue to hold its master franchise rights for Papa Johns in Spain, Portugal, Chile and Central America.

“By exiting our stake in the UK, we will be able to focus our efforts on our Papa Johns portfolio in Iberia and Latin America,” said Fernando Frauca, Managing Partner and CEO of DFSI.

Papa John’s International, Inc. opened its doors in 1984 and today it is the world’s third-largest pizza delivery company with more than 5,700 restaurants in approximately 50 countries and territories.

 
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