Domino's Pizza to enter Germany
May 6, 2010
by Eric Schroeder
ANN ARBOR, MICH. — Domino's Pizza will enter Germany following the announcement it has reached a Master Franchise Agreement with Yakir Gabay, the founder of Grand City Property Group and Grand City Hotels.
Mr. Gabay manages more than 3,000 residential units and 1 million square feet of commercial property in Germany, as well as more than 80 hotels. The partnership is expected to lead to development of the Domino’s Pizza brand across Germany, beginning in Berlin.
“Establishing ourselves in the German market presents a great opportunity for our business,” said Michael Lawton, executive vice-president of Domino’s Pizza International. “Mr. Gabay and his partner will be a great fit for Domino’s. I am confident that his knowledge of multi-unit development and operational excellence in this market are two things that will be critical to the success of our brand.”
Mr. Gabay’s partner, Birgir Thor Bieltvedt, will be chief executive officer of the new Master Franchise. He previously was the principal shareholder and former c.e.o. of Domino’'s Pizza in Iceland and Denmark.
“Mr. Gabay and I are anxious to leverage the exceptional strength of the Domino’s Pizza brand, and we are confident that the convenience and quality we deliver will be a great fit for German consumers,” Mr. Bieltvedt said.
Founded in 1960, Domino’s Pizza operates a network of 9,036 franchised and company-owned stores in the United States and more than 60 international markets.