Papa John’s International Inc. announced a deal on Thursday with Sun Holdings, one of the pizza chain’s largest franchising partners, in which Sun Holdings will take control of 90 locations in Texas.
Franchising has proven itself to be a risk worth taking through the COVID-19 pandemic, according to experts. See: Burger King franchisor reduces number of nuggets in meals to 8 from 10 in effort to combat inflation But there’s a growing amount of money being generated for the investment. Franchising as a portion of U.S. food-service sales has been up 4% per year since 2015.
“It’s like a Wild West situation when you have a country go off the rails in terms of acting like a nice neighbor,” he said. “It’s not as easy as closing the doors. Other people have the keys.”Don’t miss: Sweetgreen to launch drive-through location in Illinois There may be a lot at stake, but the Papa John’s situation in Russia is an aberration, he says. More often than not, franchisors and franchisees work as partners where the success of one is highly dependent on the success of the other.
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