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Pizza companies have lately been expanding their footsteps in the region, where they see an opportunity to boost sales.
Late last year, Papa Johns CEO Rob Lynch pointed to China as fertile ground for growth for his company, as well.
Papa Johns has a “huge development opportunity in markets where we already compete, but are much less penetrated,” compared to the competitors, Lynch said at the time. “I would offer China as an example,”
The “partnership with FountainVest marks another major milestone in achieving Papa Johns global growth potential,” Lynch said in a statement on Friday.
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