American pizzeria Papa John’s International enters Sub-Saharan Africa market

KENYA – Papa John’s International, an American pizza restaurant franchise, has announced its expansion into Sub-Saharan Africa, with plans  of opening 60 restaurants in Kenya and Uganda. The pizza delivery outfit will embark on its Sub-Saharan Africa exploration with the opening of four restaurants in 2022, beginning with Nairobi. This will be done in conjunction with its newest franchise partner Kitchen Express LTD, a subsidiary of AAH Limited. AAH IS the majority shareholder of Hass Petroleum Group, which holds a significant retail footprint in Africa. The partnership will enable Hass…

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Restaurant Brands expands American footprint with acquisition of Firehouse Subs for US$1B

USA — Multinational fast food holding company, Restaurant Brands International Inc., is acquiring Firehouse Restaurant Group Inc., the parent company of Firehouse Subs, for $1 billion in an all-cash transaction.  Founded in 1994 by brothers and former firefighters Chris Sorensen and Robin Sorensen, Firehouse Subs has approximately 1,200 quick-service sandwich shops across 46 US states, Canada and Puerto Rico.  For the first 10 months of the year, its same-store sales climbed 20% compared with the same time two years ago and the franchise is expected to generate approximately US$1.1 billion in systemwide…

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