Papa John’s accelerates its commitment to franchised stores with a new signing

Starting in 2021, the company will open to this format to expand in the Spanish and Portuguese markets.

Papa John's launches an aggressive expansion plan: it will open 90 stores in three years and triple employment in Spain

Papa John’s has named Juan Olave, with more than 25 years of experience in multinationals in the retail and franchise sectors, as CEO of the Drake group, a business holding of which Papa John’s is part. Appointment that is framed within a expansion plan planned for the next three years in the Iberian market that will begin to materialize in 2021 and that Invertia has already advanced.

“With this appointment, the chain reinforces its management leadership, among other markets, in Spain, where it intends to increase its presence through its own restaurants and franchisees,” it explains in a statement.

It is a strategy through which Papa John’s, with a presence in the Iberian market since 2015, expects to increase its establishments by 180% in the next three years, going from 75 to 210 restaurants. This will also allow the company to increase its workforce, generating new direct jobs.

“In 1986, Papa John’s opened its first franchise in Kentucky, it was the restaurant number 9 and since then the company has not stopped growing and already operates with franchises in 49 markets. Now, and how could it be otherwise, we are bringing that same model to our market, ”says Juan Olave, CEO of the Papa John’s Drake master franchise group.

Among Papa John’s priorities is “to generate an environment of trust with its collaborators where service, excellence and respect are the ingredients that sustain them,” they explain.

For this reason, the company, through this expansion plan, will incorporate franchisees committed to the company’s strategy, who also have experience in the restaurant sector and who are willing to open 3-5 restaurants in the next three years.

Recently, PJ España, the company that manages the Papa John’s pizza chain, carried out a capital increase of 1,111,483 euros, raising it to 4,111,483 euros the resulting subscribed capital, as published in the Official Gazette of the Mercantile Registry (Borme).