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Papa Johns Taps KM Capital for Mexico Expansion
26 Aug
Summary
- Papa Johns partners with KM Capital to lead 44 restaurants.
- KM Capital aims to expand brand presence across Mexico.
- International business shows positive sales growth for Papa Johns.
Papa Johns has named KM Capital as its new franchise partner in Mexico, a market identified as a priority for international expansion. KM Capital will assume leadership of 44 existing franchised restaurants across the country.
The partnership is poised to drive significant brand growth through continued investments in operations, branding, and restaurant development. KM Capital, a Mexico-based firm founded in 1986, brings substantial local expertise and a strategic growth mindset to this collaboration.
Executives from both companies have met to align on growth plans, emphasizing Mexico's robust pizza market. The objective is to enhance the customer experience and expand Papa Johns' reach, serving more communities.
This development occurs as Papa Johns' international business demonstrates resilience, reporting a 1.5% increase in same-store sales for its international division in the second quarter, marking its seventh consecutive quarter of positive performance. The company operates approximately 6,000 restaurants in about 50 countries.
