Wednesday, June 25, 2008

Papa John is entering Malaysia via Berjaya

Read this article from .

Papa John's International Inc. today announced it will open 100 pizza restaurants in Malaysia over the next 10 years.

Louisville-based Papa John's (NASDAQ: PZZA) has signed a development agreement with Berjaya Pizza Co. Sdn Bhd to develop the restaurants. The first restaurant is expected to open later this year, Papa John's said in a news release.

Papa John's operates more than 3,200 restaurants worldwide, including 495 international restaurants in 29 countries. It operates 171 restaurants in Asia.

"This agreement will further strengthen Papa John's brand position throughout Asia and will enable our 'Better Ingredients. Better Pizza' message to be spread throughout the region," David Flanery, Papa John's chief financial officer and president of International operations, said in a news release. "One of the keys to the success of Papa John's in any country is working with top-quality franchisees and Berjaya is an experienced company dedicated to delivering on our brand promise."

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