Papa Johns intends to open more than 1350 stores in China

It announced Friday that the pizza chain will open more than 1,350 South China-based stores by 2040 through a partnership with FountainVest Partners. This agreement will double Papa John’s global footprint by 25% and is the largest franchisee-development agreement in Papa Johns history.

Recent expansions by pizza businesses in the region have seen them increase their sales.

Pizza Hut opened 103 stores in China during the third quarter. And Domino’s (DPZ)Ritch Allison, the CEO of Domino’s in China, said that in October, “with every passing quarter we become more confident about our long-term potential growth.” He stated that Chinese locations that open for at least one year increased their sales by a significant percentage in the third-quarter of 2021 — a far greater rate than the United States’ third quarter.

Rob Lynch, Papa Johns’ CEO, pointed out China last year as an area of growth.

Lynch at the time stated that Papa Johns had a “huge opportunity for development in markets where they already compete, and are much less penetrated” than its competitors. “I would suggest China as an example.”

Papa Johns (PZZA)It has also expanded into other countries. The company, along with its franchise partner Kitchen Express, announced in November that it would open 60 restaurants in Kenya and Uganda over the next few years. It also expanded its partnership to Drake Food Service International (the largest franchise), with plans for 220 restaurants around the world, including the UK and Latin America by 2025.

Lynch released a statement Friday stating that the “partnership” with FountainVest is “another major milestone in reaching Papa Johns global growth potential.”

Papa Johns had rebranded last year and dropped the apostrophe from “Johns”. The company also updated its logs, store designs and logos.