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Article: PAPA JOHN'S 08 TO OPEN 50 STORES IN CHINA
- Article from:
- AsiaInfo Services
- Article date:
- April 18, 2008
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AsiaInfo Services
04-18-2008
Papa John's 08 to Open 50 Stores in China
SHANGHAI, Apr 18, 2008 (SinoCast via COMTEX) -- Global pizza chain Papa John's International, Inc. (NASDAQ: PZZA) is to open 40 to 50 stores in China in 2008, citing a report.
Besides, it plans to set up 500 stores in five years, according to a Papa John's executive.
The company will mainly authorize its brand to franchisers, as an effort to expand its network in the country in a relatively short time. Another report said that among the over 3,200 Papa John's stores in the world, 80% are franchisers. And franchisers accounts for 90% of the 100 Papa John's stores in 15 Chinese ...