Papa Johns is making a big bet on China. The pizza chain plans to open over 1,350 stores in South China by 2040 in partnership with the Asian private equity firm FountainVest Partners, it said on Friday. The deal will increase Papa Johns current global count by 25%, and marks the largest franchisee development agreement in the pizza company's history.Pizza companies have lately been expanding their footsteps in the region, where they see an opportunity to boost sales. (Papa Johns plans to open over 1,350 stores in China, CNN)
Comment:
Thanks to strengthened intellectual property rights protection, the business environment is increasingly optimized, as well as the broad market and improved logistics network, which makes Chinese market being popular to global companies.
（Editor Tian Yihui）
（All contents of this newspaper may not be reproduced or used without express permission）