,UK

Domino’s Pizza Group exits Swiss business

The transaction is expected to complete by the end of August 2021.

Domino's Pizza Group, the chain’s master franchisee in the UK, announced it has reached an agreement to sell the group’s entire shareholding in Domino's Switzerland for CHF 300,000 or approximately £200,000.

The transaction is expected to complete by the end of August 2021.

The disposal of Domino's Switzerland is the final part of the group’s planned exit from all directly operated international markets in order to focus on its core UK and Ireland operations.

DPG posted a profit after tax for the 26 weeks ended June 27 of £41.3 million compared with a profit after tax of £19 million for the same period a year earlier.

Underlying pre-tax profit rose to £60.8 million from £47.6 million whilst system sales increased to £752.3 million from £628.9 million.

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