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Check Out Line: Papa John’s expanding north of the border

April 7, 2008

Check out Papa John’s countering U.S. pizza sector woes by continuing its global expansion and announcing plans to open more locations in Canada.

Last month, at the Reuters Food Summit in Chicago, Papa John’s CEO Nigel Travis said the pizza industry was under more pressure than it was at the beginning of the year.

“I personally think we are in a recession,” Travis told the Summit, adding that U.S. consumers are increasingly concerned about the economy.papaceo.jpg

To offset struggles in the U.S. market, Travis talked of Papa John’s international growth potential, and on Monday the world’s third-largest pizza company said it had signed development deals to open 57 additional Papa John’s restaurants throughout Canada. 

“Canada is a key focus area for our international expansion,” said David Flanery, Papa John’s chief financial officer and managing director, international. 

There are currently 14 Papa John’s restaurants open throughout Western Canada. The chain has more than 3,200 locations open worldwide, including 450 international restaurants in 28 countries.

Also in the basket:

Nestle eyes big takeovers in health food push

Borders, Pershing Square in revised financing deal

HSBC loses disc with data on 370,000 customers

Aeon posts 1st profit fall in 10 yrs, sees recover 

(Photo: Nigel Travis speaks during the Reuters Food Summit in Chicago March 18)

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