Avan Projects Pvt. Ltd. Purchases Controlling Interest of Papa John's India

Avan Projects Pvt. Ltd. Purchases Controlling Interest of Papa John's India

LOUISVILLE, Ky. - December 9, 2013 - (BUSINESS WIRE) - Papa John's, the world's third-largest pizza delivery company, today announced that Avan Projects Pvt. Ltd., has purchased a majority interest in OM Pizza & Eats, Papa John's franchisee in India. As a result, Avan Projects will take over the day-to-day operations of all Papa John's restaurants in India, and has development rights for certain regions of the country.

Avan Projects is led by Atulya Mittal whose family has significant business interests primarily in metals and mining. "This is a terrific opportunity," said Mittal. "With Papa John's support and our experience in India, we are confident of making the brand a success in the country."

"We are excited about the potential Avan Projects' investment brings to Papa John's in India," said Tony Thompson, Papa John's president and COO. "Led by Atulya Mittal, Avan Projects has a keen insight into the Indian market and consumer. With a strong infrastructure in place, we are confident Avan Projects will be able to improve operations and grow the brand throughout the country."

At the end of the third quarter, Papa John's had 4,296 restaurants open in 35 countries and territories. The company began its international operations 14 years ago, and has increasingly looked to key international markets like India for growth.

"We've spent a great deal of time methodically growing our international operations over the past 14 years," said Tim O'Hern, Papa John's chief development officer. "India is a key growth market for us and with Avan Projects we are optimistic that we can continue to grow the brand and bring a better pizza experience to more and more consumers throughout the country."

About Papa John's International, Inc.

Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world's third largest pizza delivery company. For 12 of the past 14 years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John's is the Official Pizza Sponsor of the National Football League and Super Bowl XLVIII. For more information about the company or to order pizza online, visit Papa John's at www.papajohns.com, or visit us on Facebook at www.facebook.com/PapaJohns, on Twitter at http://twitter.com/PapaJohns.

Contact:

Papa John's International, Inc.

Darryl Carr
502-261-4318
Director
Corporate Communications
Darryl_Carr@papajohns.com

Source: Papa John's International, Inc.

News Provided by Acquire Media

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Wetzel's Pretzels
We are looking for franchise owners with an entrepreneurial spirit, a passion for food and a desire to delight guests.
Jersey Mike's Subs
Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide, believes that making a sub...
Fantastic Sams
Fantastic SamsĀ® is one of the most recognized brands in the hair care industry with nearly 1,200 full-service salons in North America and 40 years...
Dickey's Barbecue Pit®
Since 1941 Dickey's Barbecue PitĀ® has been treating customers to great tasting barbecue and has become a restaurant icon in the process! Now you can...
Pearle Vision
Pearle Vision is one of the most recognizable, premium optical franchises, offering a proven business model in an industry with sustainable demand.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.