Papa John's International Inc. has completed a strategic refranchising and new restaurant development agreement with franchisee Chris Patel of Pie Investments. As part of the deal, Pie Investments has assumed ownership and operation of 85 Papa Johns restaurants in the Washington, D.C. and Baltimore markets, previously run by Colonel's Limited, LLC. In addition, Pie Investments plans to open 52 new Papa Johns locations by 2030 across the Greater Philadelphia, Washington, D.C., and Baltimore regions, supporting the company's goal to own 250 restaurants by the end of the decade. This expansion is expected to further strengthen Papa Johns' presence in the Northeast and Mid-Atlantic markets.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Papa John's International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-054044), on November 25, 2025, and is solely responsible for the information contained therein.
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