Dominos Pizza Booted From Italy — What Were They Thinking?
View Source | March 23, 2023 6:22 am
- A court-ordered liquidation could result in a recovery for creditors of 5% of their exposure, according to a draft restructuring plan seen by Bloomberg News that was submitted last year by the Milan-based firm and its financial advisers.
- The last of Domino’s 29 Italian branches closed last summer, ending a foray that began in 2015 with the U.S. brand touting pizza toppings that included pineapple and barbecue chicken, an unusual take in a country more accustomed to thin-crust margheritas. Over the years, the Ann Arbor-based fast-food chain’s partner borrowed heavily for ambitious plans to open 880 stores.
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