Recent expansions by pizza businesses in the region have seen them increase their sales.
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.”
Lynch released a statement Friday stating that the “partnership” with FountainVest is “another major milestone in reaching Papa Johns global growth potential.”