Domino’s opens 300th store in India


FROM STOCKWATCH.IN

The Michigan-based pizza delivery and Italian fast food company Domino’s has reached the 300th mark in number of stores in the country. With this the company has also opened the 9,000th store across the globe. The company also informed that there will be no end to its hunger for opening more and more outlets across the nation. As of now, 25 Indian cities are already connected with the Domino’s Pizza chain. Now it is targeting small towns like Gangtok and Siliguri. Chief Executive of Jubilant FoodWorks, Ajay Kaul said that the company is the largest food chain brand in India. This has been achieved due to more number of outlets. Domino’s won’t hesitate to carry on similar aggressive marketing policies in coming time. FoodWorks is the master franchisee of Domino’s Pizza chain in India. Kaul has also informed that the compounded annual growth of the company was 42 per cent in the previous five years. However, Global Chief Executive of Domino’s, Patrick Doyle has expressed his contentment on the 9,000th store opening. He anticipated that, by 2011 the 10,000th store will be operative on earth.