Qatari Fund Proposes $1.5B Takeover of Papa John's Pizza Chain
Irth Capital, a Qatari-backed investment firm, has made a $1.5 billion offer to acquire the popular pizza franchise Papa John's International, according to sources.
In a move that could reshape the pizza industry, a Qatari-backed investment fund has reportedly offered to acquire Papa John's International for a staggering $1.5 billion. According to sources familiar with the matter, Irth Capital has proposed a $47 per share deal for the popular pizza franchise.
The potential acquisition comes at a crucial time for Papa John's, which has faced a series of challenges in recent years. The company has struggled to recover from a public relations scandal involving its founder, John Schnatter, who was forced to step down as chairman in 2018 after making controversial remarks. Since then, Papa John's has been working to rebuild its brand and regain lost market share.
{{IMAGE_PLACEHOLDER}}Source: Al Jazeera
