Domino's buys a slice of Japanese market
Domino’s buys a slice of Japanese market
Australian-listed pizza company Domino’s will spend more than $235 million to take a slice of the Japanese fast food market. Domino’s Pizza Enterprises (DPE) has agreed to buy a 75 per cent stake in Domino’s Pizza Japan from Bain Capital Domino Hong Kong for 12 billion yen ($A135.65 million). The company will also provide nine billion yen ($A101.74 million) of new debt funding. The move came as Domino’s announced a net profit of $28.657 million for the 2012/13 financial year, an increase of more than six per cent. Domino’s chief executive Don Meij said the move into Japan would expand the company’s network and provide it with further growth opportunities.
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