Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Papa Johns is an American pizza restaurant chain. It is the fourth largest pizza delivery restaurant chain in the United States.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Restaurants and Caffees
218
Glob.Revenue, mln.USD
2102
Restaurants and Caffees
218
The Company Statement
March 14, 2023

The company promised not to longer provide operational, marketing or business support to the Russian market, which is owned and operated by independent franchisees. The company is not currently receiving any royalties from these franchised stores in Russia. The president of Papa John's in Russia, Christopher Wynn, after the publication, told Kommersant that the network remains in Russia and continues to work, without changing the format, brand or logo, in compliance with international standards.

December 15, 2023One of Papa John's Russian structures is facing bankruptcy
March 31, 2022https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-09/card/papa-john-s-suspends-operations-in-russia-poMvWwKMJV8xFTUepK2T
March 09, 2022PAPA JOHN’S INTERNATIONAL SUSPENDS ALL CORPORATE OPERATIONS IN RUSSIA; BRAND PROVIDING AID TO UKRAINIAN REFUGEES THROUGH NONPROFIT PARTNERSHIP
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