Domino's Pizza renews UK Master
Domino's Pizza's UK Master Franchisee has agreed new minimum store opening targets with its US-based franchisor. Domino's Pizza Group Ltd announced the targets which form part of its Master Franchise agreement with Domino's Pizza International.
Under the master franchise agreement, it has the option to renew the development term for subsequent periods of 10 years. The current agreement has been renewed until the end of 2016, and includes the right to open new stores in the UK and Ireland.
"The option to secure additional development rights in the future secures the group's long-term rights to use the Domino's Pizza brand in these territories," says the company.