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Tag: Domino pizza

  • Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China (DPC Dash) has successfully surpassed its 1400th store landmark as it steadily propels the progression of its network.

    DPC Dash is identified as the sole master franchisee for Domino’s Pizza in Mainland China, Hong Kong, and Macau. The company recently inaugurated its 1405th store in Sanya, located in the Hainan Province. This establishment not only denotes its entrance into the 72nd city within the Chinese Mainland but also aligns with its marker on the Hong Kong Stock Exchange (1405.HK).

    According to DPC Dash, this milestone symbolizes the triumph of its ‘go broader, go deeper’ expansion strategy for its store network and the robust customer demand for the pizza brand. This accomplishment comes after the company’s impressive performance the previous year, during which it added 307 new stores net and broadened its reach into 21 new cities.

    The company has stated that it will persist with further developing its 4D strategy, which includes ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to tap into China’s market consumption potential while ensuring continuous innovation and sustainable operations.

    Questions & Answers

    What is Domino’s Pizza China’s (DPC Dash) expansion strategy?
    – Domino’s Pizza China or DPC Dash follows a ‘go broader, go deeper’ expansion strategy. This method focuses on increasing the number of stores and expanding into new cities.

    What is the 4D strategy that Domino’s Pizza China (DPC Dash) is focusing on?
    – The company’s 4D strategy consists of ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to capitalize on the potential of China’s market consumption while maintaining continuous innovation and sustainable operations.

    What recent milestone has Domino’s Pizza China (DPC Dash) achieved?
    – The company recently surpassed its 1400-store milestone, with the opening of its 1405th store in Sanya, located in the Hainan Province. This accomplishment also marked its entrance into the 72nd city in the Chinese Mainland.

  • Domino’s Japan Welcomes New Ceo Dieter Haberl Amid Leadership Streamlining Strategy

    Domino’s Japan Welcomes New Ceo Dieter Haberl Amid Leadership Streamlining Strategy

    Dieter Haberl has been named as the new CEO of Domino’s Japan business. The appointment, effective from October 20, sees Haberl bring over a quarter-century of executive experience in Japan to the role.

    Haberl has a distinguished history of leadership in the region, having guided the fortunes of prominent consumer brands such as Toys R Us, Reebok, Lacoste, and Furla. He has also held high-level roles within The Coca-Cola Company in Germany and Japan.

    Domino’s executive chairman, Jack Cowin, expressed his pleasure at Haberl’s appointment. He lauded Haberl’s proven ability to drive large-scale transformations, reposition brands, and foster team development in sophisticated consumer-facing operations.

    Cowin emphasized the critical importance of the Japanese market for Domino’s, highlighting its leading status in the pizza sector. He indicated that Japan is an advanced market that values high-quality food, especially from global brands with a proven track record of surpassing customer expectations.

    However, the appointment of Haberl coincides with the departure of the current acting CEO of Domino’s Japan and CEO of Domino’s Asia, Josh Kilimnik. He will be exiting the business on March 30 after a transition period with Haberl.

    Kilimnik’s departure follows the company’s decision to cut down general and administrative expenses by streamlining regional leadership. This strategic move is aimed at giving regional teams more responsibility and accountability. As a part of this decision, Domino’s confirmed that the roles of CEO Asia and the presently unoccupied role of CEO Europe will remain unfilled.

    Questions & Answers

    Who is the new CEO of Domino’s Japan?
    The new CEO of Domino’s Japan is Dieter Haberl, an executive with over 25 years of experience in Japan.

    When will the current CEO of Domino’s Asia, Josh Kilimnik, leave the business?
    Josh Kilimnik, the current acting CEO of Domino’s Japan and CEO of Domino’s Asia, will leave the business on March 30.

    Will the roles of CEO Asia and CEO Europe be filled after Kilimnik’s departure?
    No, Domino’s has decided not to fill the roles of CEO Asia and the presently vacant role of CEO Europe. This decision is part of a strategic move to streamline regional leadership and give more responsibility and accountability to regional teams.

  • Domino’s Pizza eyes 420 more stores in China after Hong Kong IPO

    Domino’s Pizza eyes 420 more stores in China after Hong Kong IPO

    Following its successful Hong Kong IPO in March, DPC Dash, the master franchise of Domino’s Pizza, is accelerating its expansion in China, debuting in three new cities on the same day last week.

    The company says it aims to open another 180 new stores this year and 240 next year.

    DPC Dash entered the cities of Qingdao, Changzhou, and Wenzhou last Saturday, taking the store count to 638 as of April 30.

    “The recent listing was a great achievement for DPC Dash as well as for our global franchisor, Domino’s Pizza,” said Frank Paul Krasovec, director and chairman at DPC Dash.

    “With the newly raised proceeds, we aim to expand across the greater China region aggressively and to bring our comprehensive product offerings to hundreds of millions of potential Chinese consumers.”

    According to DPC Dash, the business established its first location in Jinan in December, setting new records for both the best opening sales for the first week and the best opening sales month for the first 30 days for Domino’s worldwide. By turnover, the top four trading stores in Domino’s global network are new locations opened by DPC Dash in Jinan, Chengdu, and Wuhan during the past five months.

    DPC Dash has been operating Domino’s Pizza since December 2010, when it purchased Pizzavest China Ltd, Domino’s Pizza’s then-master franchisee in several Chinese provinces. DPC Dash renewed the master franchise agreement with Domino’s Pizza International Franchising Inc in June 2017 and expanded the franchise territory to include the entire China mainland, Hong Kong and Macau.

    The company says the new Domino’s Pizza stores emphasise online channels through delivery and carryout services, which the company believes it can replicate in other markets in China.

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  • Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza Enterprises is raising to $165 million in fresh capital as it moves to full ownership of its pizza business in Germany, seven years after it made a foray into that market in a joint venture with its British stablemate.

    The Australian-listed pizza group made an original buyout of Joey’s Pizza chain in Germany in 2015 in conjunction with a British Domino’s Pizza entity. That joint venture followed up in 2017 with the acquisition of Hallo Pizza in Germany.

    The Australian-listed business is now buying out the remaining one-third of the joint venture entity, with funds raised via a $150 million placement and a $15 million share purchase plan.

    There are 412 Domino’s outlets in Germany, where soaring energy costs significantly drag the economy because of its dependence on gas from Russia. That has been upended after the Russian invasion of Ukraine.

    Chief executive Don Meij said on Thursday that Germany offered long-term solid growth prospects. In the short term, the company was trying to emphasize the value of its pizza meal offers, positioning them as cheaper for a family of four than burger and chicken chains.

    At its annual meeting, the broader group warned a month ago that overall profits in the first half would be “materially lower” than a year ago.

    Mr. Meij said on Thursday there had been little change in trading conditions since the trading update on November 2. “The business continues to track to plan,” he said.

    The final price in the placement will be determined via a book build, but there is an underwritten floor price of $65.05. This compares with a closing price of $66.38 on November 30. Domino’s shares went to a trading halt on Thursday.

    The company’s shares were trading at $164 in mid-September last year before inflation started to rise and input costs jumped.

    In August, the company expanded in Asia with the acquisition of 287 stores in Malaysia, Singapore and Cambodia in a deal with an upfront price of $214 million, in what was the biggest acquisition in the company’s history. The Malaysia, Singapore and Cambodia businesses had also been trading in line with expectations, the company said.

    The capital raising comes after Domino’s outlined three weeks ago that it had received an option exercise notice from Domino’s Pizza Group Plc requiring the purchase of all of its shares in the German joint venture.

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