Papa John’s International Announces Development Deal to Expand in Colombia Bringing More Job Opportunities
December 06 2016 - 7:00AM
Business Wire
Papa John’s International, Inc. (NASDAQ:PZZA), continues its
expansion in Colombia with the signing of a restaurant development
agreement. According to the International Trade Administration, the
food and beverage sector holds the best growth opportunities in
Colombia.
Grupo Nutresa, which purchased PJ Col S.A.S. in 2015 (PJ Col),
recently entered into a development agreement to open an additional
28 units during a period of eight years in Medellin, Cartagena and
Barranquilla. PJ Col currently operates 29 Papa John’s restaurants
throughout Colombia. Each Papa John’s new store opening represents
approximately 15 to 20 direct new jobs in Colombia.
“Our investment in Papa John’s has exceeded our expectations and
we are continuing our momentum by planning for additional units in
our country,” said Felipe Baquero, Managing Director of PJ Col.
“More units means more jobs in the local communities.”
“PJ Col has done a great job of growing the Papa John’s Brand in
Colombia and we are excited about the plans for future expansion,”
said Tim O’Hern, Senior Vice President & Chief Development
Officer. “We look forward to working with PJ Col as we expand the
brand into new cities in Colombia.”
Papa John’s International is currently looking for potential
franchisees in Brazil, the Caribbean and Honduras.
About Papa John’s
Headquartered in Louisville, Kentucky, Papa John's
International, Inc. (NASDAQ:PZZA) is the world's third-largest
pizza delivery company. For 15 of the past 17 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 the Official Pizza
of Major League Baseball. For more information about the company or
to order pizza online, visit Papa
John's at www.papajohns.com. Also visit us on Facebook at
www.facebook.com/PapaJohns, Twitter
at http://twitter.com/PapaJohns, YouTube at
www.youtube.com/user/papajohns, Instagram at
instagram.com/papajohns, Pinterest at
www.pinterest.com/papajohnspizza, and Vine at vine.co/papajohns.
Looking to be a part of something Better? Learn more about
franchising with Papa
John's at www.papajohns.com/franchise.
About Grupo Nutresa
Grupo Nutresa S. A. (NUTRESA:BVC) is the leader in processed
foods in Colombia (+61% market share) and one of the most relevant
players in the sector in Latin America, with consolidated sales of
COP 7.945 billion in 8 business units: cold cuts, biscuits,
chocolates, Tresmontes Lucchetti (TMLUC), coffee, retail food, ice
cream and pasta. Grupo Nutresa is a diversified organization in
terms of geography, products and supplies, with a direct presence
in 14 countries and international sales amounting to USD 1.098
million in 72 countries. Grupo Nutresa was included for the sixth
consecutive year in the Dow Jones Sustainability World Index (DJSI)
2016, which places us among the best companies in the food sector
in the world in terms of sustainability. Visit us at:
www.gruponutresa.com/en/ and www.twitter.com/Grupo_Nutresa.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161206005045/en/
Media:Papa John’s International, Inc.Peter Collins, (502)
261-4233Senior Director, Public
Relationspeter_collins@papajohns.com
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