By Tony Connelly

Domino’s Pizza is buying Germany’s biggest Pizza chain, Joey’s Pizza, in a deal worth around £57m.

The buyout will be a joint venture between Domino’s Pizza’s UK and Australian owners with two-thirds owned by the Australian company and the remainder owned by the London-listed Domino’s Pizza Group, which already has operations in Germany.

Don Meij, chief executive of Domino’s Pizza Enterprises – the Australian arm of the company – said that entering the German market represented a long-term growth opportunity.

“The acquisition of the market-leading Joey’s Pizza business provides immediate scale and marketing presence which we can build from,” he said.

The deal will Read full story ›

Source: The Drum