Papa Johns 1999 Annual Report Download - page 19

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Please find page 19 of the 1999 Papa Johns annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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In 1999 we opened 20 new international
restaurants in Guatemala, Costa Rica and
Venezuela. Combined with our restaurants
in Mexico and Puerto Rico, we ended the
year with 26 restaurants in five international
markets.
A very exciting growth opportunity for
Papa John’s came with our purchase in
November 1999 of the 205-unit Perfect
Pizza chain in the United Kingdom. This
marriage makes sense for a lot of reasons: Perfect Pizza is the quality
leader and largest independent chain in the United Kingdom; we retain
their experienced management team; we benefit from a lot of great real
estate (which would have been nearly impossible to secure building
restaurants from scratch); and the acquisition gives us an immediate
presence in Europe and a great launching pad for our development in
the Middle East.
Papa John’s and Perfect Pizza – working together
to provide customers in the United Kingdom with
a superior-quality pizza.
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