News
INTERNATIONAL | Staff Reporter, UK
view(s)

Papa John's seeking investment after abandoning outright sale: report

Any forthcoming deal would come amidst a battle of control with the chain's embattled founder.

Reuters reports that Papa John’s International is pursuing the sale of a stake in itself after acquisition offers from private equity firms did not meet its valuation expectations.

Sources told the news agency that the transaction, which could possibly be structured as a private investment in public equity, would boost Papa John’s finances as it seeks to recover from low franchisee profitability.

Any such deal would come amid a battle for control of Papa John’s with the chain’s founder John Schnatter, who owns about 30% percent of the company. Schnatter, whilst retaining a seat in the company's board, stepped down as chairman last July following reports that he had used a racial slur on a media training conference call.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.