Jubilant FoodWorks to buy stake in master franchisee of Domino’s in 4 nations

Jubilant FoodWorks to buy stake in master franchisee of Domino’s in 4 nations

Jubilant FoodWorks has announced that it will acquire Fides Food Systems, which is the beneficial owner of 32.81% of equity shares of DP Eurasia, for $34.7 million (£24.8 million). The acquisition will take place through Jubilant Foodwork’s wholly-owned subsidiary in Netherlands. DP Eurasia is the master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia.

News source : Bloomberg Quint

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