Global pizza chain Papa John's has revealed that it plans to shut down 43 restaurants across the UK in the coming months, with 16 in London to close.
It comes as thetakeaway business confirmed plans to axe the “underperforming” locations after launching a review at the start of 2024.
The affected London restaurants will close by mid-May following a consultationprocess, Papa John's International said.
The company has not confirmed how many staff will be impacted by closures.
The group had previously said it planned “strategic closures” to free up money for investment and improve profitability at its remaining UK sites.
Sharing that they have since identified 43 restaurants, including 16 in London, that are "underperforming locations that are no longer financially viable”.
Managing director at Papa John's UK,Chris Phylactou, said: “Our priority is our team members, who will be fully supported throughout this process.
“Our goal is to work with impacted team members and attempt to find redeployment opportunities where available.
“We understand the impact this will have on our team members and are committed to supporting them during this time.”
Full list of London Papa John's restaurants shutting down
The London Papa John's restaurants that are set to close by mid-May are:
- Bromley, Greater London
- Coulsdon, Greater London
- Cricklewood, Greater London
- East Dulwich, Greater London
- Harringay, Greater London
- Hendon, Greater London
- Mottingham, Greater London
- Northwood Hills, Greater London
- Peckham, Greater London
- Penge, Greater London
- Putney, Greater London
- Ruislip, Greater London
- Stoke Newington, Greater London
- Upminster, Greater London
- Whitton, Greater London
- Wimbledon, Greater London
Papa John's said it plans to increase investment in research and technology, such as better utilising customer data, as part of its UK strategy.
It also said it will look at the development of new types of sites beyond traditional restaurants, such as expanding into holiday parks, and is set to “announce other large retail partners in the coming months”.
FAQs
Global pizza chain Papa John's has revealed that it plans to shut down 43 restaurants across the UK in the coming months, with 16 in London to close. It comes as the takeaway business confirmed plans to axe the “underperforming” locations after launching a review at the start of 2024.
Why is Papa Johns closing down? ›
Strategic closures were previously confirmed by Papa Johns to improve profitability and free up money. 'While this is a difficult decision, closing these underperforming locations will give us the opportunity to invest back into the right locations with the right partners for long-term growth.
Why is Papa Johns being boycotted? ›
The leader of the African-American Think Tank in Louisville is calling for a boycott of Papa John's pizza over the company's handling of founder John Schnatter's use of the N-word.
What is Papa Johns changing its name to? ›
In 2021, Papa Johns rebranded and removed the apostrophe from the company name, another step in moving away from company founder Schnatter.
Is Papa Johns declining? ›
Total revenues of $514 million were down 2% compared with a year ago largely driven by lower revenues in our North America commissary segment due to commodity price declines.
Is Papa Johns in debt? ›
Total debt on the balance sheet as of March 2024 : $0.96 B.
What is the failure rate of Papa Johns franchise? ›
What is the failure rate for a Papa John's franchise? Low to moderate. The failure rate for a Papa John's franchise is 2% in the first year, rising to 6% by year three.
Who took over Papa Johns pizza? ›
Some cryptocurrency users have celebrated May 22 as "Bitcoin Pizza Day". On January 1, 2018, Schnatter stepped down as CEO of Papa John's Pizza in favor of company President Steve Ritchie; Schnatter remained chairman.
Is Pizza Hut on the boycott list? ›
Pizza Hut is facing consumer boycotts after the chain reportedly provided free meals to soldiers on Israeli military bases. On Jan.
Does Papa John support Russia? ›
It has ceased all operational, marketing and business support to, and engagement with, the Russian market, where all restaurants are owned by independent franchisees, and a master franchisee who controls operations and provides all supplies and ingredients for the restaurants through a supply chain that it owns and ...
The main issue is Papa John's comparable sales, which have been flat for the past 2 years. In an era of high inflation, that implies franchisee profitability has declined. While management's focus on improving corporate profitability is welcome, until they address SSSG, the stock may continue to lag.
Why is Papa Johns closing? ›
A total of 43 of its 450 locations across the country have been found to be "low-performing" or "underperforming" and are said to no longer be financially viable. The sites will be closed by mid-May, Papa John's said - after it informs impacted staff.
What was the Papa Johns pizza scandal? ›
In 1999, Schnatter was accused of stalking and groping a woman. He claimed the woman was trying to extort him for $5 million. The situation ended with a confidential settlement. In 2009, Schnatter was accused of sexual misconduct involving a 24-year-old female marketing employee, resulting in a confidential settlement.
Did Shaquille O'Neal buy Papa Johns? ›
Does Shaq own Papa John's Pizza? Shaquille O'Neal owns Papa Johns in a very loose sense, in that he is a franchise owner in Atlanta GA with nine stores, he sits on the board of directors for the company, and he owns stock in the company.
Is Papa Johns doing well? ›
The Ann Arbor, Michigan-based pizza chain's same-store sales increased 5.6%, as the chain recovered from a weak two years coming out of the pandemic. But Papa Johns and Pizza Hut, whose same-store sales declined 6% in the first quarter, are both struggling to start out 2024.
Who took over Papa John's Pizza? ›
Some cryptocurrency users have celebrated May 22 as "Bitcoin Pizza Day". On January 1, 2018, Schnatter stepped down as CEO of Papa John's Pizza in favor of company President Steve Ritchie; Schnatter remained chairman.
How long can Papa Johns stay out? ›
Don't leave it out too long: In terms of how long pizza can be left out for, never leave pizza at room temperature for more than two hours, as this can promote bacterial growth.
How much did Papa Johns make last year? ›
According to Papa John's Pizza 's latest financial reports the company's current revenue (TTM ) is $2.12 B. In 2023 the company made a revenue of $2.13 B an increase over the revenue in the year 2022 that were of $2.10 B.
