MADRID, March 22, 2017 /PRNewswire/ --
- Telepizza has entered into a Joint Venture Agreement with Forty's Pizza, the leading pizza delivery company in the Czech Republic
- The new joint venture company will be led by Mr. Jakub Šlezarfounder ofForty's Pizza
- Telepizza currently owns1,389 stores worldwide, consisting of 454 owned and 935 franchised or master franchised stores
- Telepizza now has 10 stores and expects to more than double the market in the next 3 years in Czech Republic
Telepizza, the world's largest pizza delivery company outside of the USA, has recently embarked on a joint venture with Forty's Pizza, the Czech Republic's leading pizza delivery company.
Agreements with leading businesses in key markets is a vital part of Telepizza's ambitious plans for rapid international growth alongside innovation, JVCs and organic store rollouts, which aim to double the market over the next 3 years. The new joint venture company will be led by founder of Forty's Pizza, Mr. Jakub Šlezar.
Telepizza President of International, Giorgio Minardi, comments, "We are delighted with the new JVC with Forty's Pizza as it marks another step towards achieving our ambitious expansion plans.The Czech Republic represents a fantastic opportunity for us to leverage our growing franchising business in Central Europe and help build momentum as an internationally recognised brand."
Owner and founder of Forty's Pizza, Mr. Jakub Šlezar comments, "With its strong heritage and focus on quality, the Telepizza brand is a perfect match for us. We are delighted to have joined such a great organisation and are looking forward to using our extensive local knowledge to help grow the Telepizza business in the Czech Republic."
Telepizza currently operates in more than 20 countries and posted €517 million in chain sales and €63.6 million in EBITDA in 2016. With ambition for further business growth through ongoing investment, Telepizza is continuously looking for potential JVC and master franchisees that seek to join this incredible opportunity.
Telepizza is the world's largest pizza delivery company outside of the USA. Headquartered in Madrid, the company offers a variety of pizza and complementary products that combine consistent flavours across countries with a focus on local adaptation and innovation in the markets where it operates.
Telepizza operates in more than 20 countries with its own brand throughout Europe (Spain, Portugal and Poland), Latin America and other regions mostly through master franchise agreements. As of March 2017, the company had a network of 1,389 stores (454owned stores and 935 franchised and master franchised stores) and employs a vertically-integrated business model throughout seven dough production facilities.
In 2016, the Group posted €517 million in chain sales and €63.6 million in EBITDA.