Australia’s Domino’s Pizza expands into Japan
Australia’s Domino’s Pizza Enterprises (DPE) has bought a 75 per cent stake in Domino’s Pizza Japan (DPJ) for 12 billion yen ($123.4 million) from its owner Bain Capital Domino Hong Kong Limited.
“Bain Capital welcomes the opportunity to partner with DPE so that together we can continue to grow Domino’s Pizza in Japan,” said Bain’s MD David Gross-Loh.
DPJ is the Domino’s Pizza master franchisee for Japan and has the third largest pizza delivery chain in Japan with 259 stores.
The acquisition of DPJ provides DPE with a substantial store growth platform with a long term target of 600 stores in Japan.
“The acquisition represents an exciting opportunity to leverage our proven track record of successfully growing the Domino’s network to deliver shareholder value,” said DPE CEO and MD Don Meij.
Meij added that the acquisition increases DPE’s total store network to more than 1200 stores, further cementing DPE as the leading international Domino’s franchisee.
Brisbane-based DPE is the master franchisee for the Domino’s brand in Australia, New Zealand, Belgium, France, Netherlands and Monaco.