Markets rocked as US says Israel has struck Iran    Israel carries out strike inside Iran, US says as region braces for further escalation Explosions heard near military base    7,700 commercial disputes resolved via Taradhi platform, says Ministry of Justice    Dhul Qadah 29 is the last day for Umrah pilgrims to leave the Kingdom 90-day duration of visa begins from the date of entering the Kingdom; Hajj Ministry clarifies    'Saudi hospitality sector to generate SR42 billion investments and 120,000 jobs by 2030'    Chinese workers disagree with West over mass production claims    IMF forecast: Saudi economy to record 2nd highest global growth rate in 2025    Centuries-old defensive moat and fortification wall unearthed in Historic Jeddah    EU's Josep Borrell warns Middle East 'on edge of regional war'    Indonesia issues tsunami alert after volcano erupts on remote island    US Senate kills the articles of impeachment against Alejandro Mayorkas    Poignant shot from Gaza wins World Press Photo of the Year 2024    Al Ain ends Al Hilal's record streak with a 4-2 win in AFC Champions League semi-final    Saudi Pro League postpones Al-Hilal vs. Al-Ahli match; Al-Ahli rejects rescheduling    50% traffic fine reduction takes effect    'Zarqa Al Yamama': Tickets now available for Saudi Arabia's first opera premiering April 25    AFC postpones Al Ain vs Al Hilal semi-final match due to weather conditions    Turki Alalshikh announces groundbreaking 5 vs 5 Riyadh Season bout featuring international boxing stars    Diriyah Biennale Foundation announces shortlist for AlMusalla Prize, set to revolutionize musalla architecture    Fourth Gulf Film Festival kicks off in Riyadh, scaling up Saudi movie industry Event extends over 5 days with the screening of 29 diverse films    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Fast food giant Domino's pulls out of the birthplace of pizza
Published in The Saudi Gazette on 10 - 08 - 2022

Domino's Pizza's last stores in Italy have been closed after the firm that operated its outlets in the country filed for bankruptcy, reports say.
Franchise holder ePizza SpA was hit by the pandemic, according to Bloomberg, which first reported the story.
Domino's had struggled to win over customers in the birthplace of pizza since launching there in 2015.
News of the fast food giant's exit from the country was celebrated by some social media users.
EPizza SpA first filed for bankruptcy in early April after it was impacted by coronavirus restrictions.
"The Covid-19 pandemic and subsequent and prolonged restrictions from a financial point of view have seriously damaged ePizza," the company said.
The company also said it faced increasing competition as traditional restaurants started using delivery apps.
As part of the bankruptcy process the firm was granted protection from its creditors for 90 days. However, that protection came to an end last month.
The Italian firm had already been scaling back the business from its peak in 2020, while deliveries stopped from the end of July.
As of 2020, the company directly managed 23 outlets in Italy and another six stores were run through sub-franchising, according to the bankruptcy documents.
In comparison, the UK and Ireland has more than 1,200 stores, making it the biggest Domino's market in Europe.
The world's largest pizza chain has more than 18,300 stores in over 90 international markets globally, most of which are run as franchisees.
When it entered Italy seven years ago Domino's aimed to stand out from the country's traditional pizza makers with a comprehensive home delivery service and a distinctive menu including US-style toppings like pineapple.
However, it faced increasingly stiff competition during the pandemic as local restaurants signed up to food delivery platforms like Deliveroo and Just Eat.
News that Domino's was leaving the home of pizza was cheered by some social media users.
"I've always wondered how Domino's could survive in New Jersey, let alone Italy," journalist Dave Jamieson tweeted.
Another Twitter user, Alicia Smith, remarked that opening Domino's in Italy is like trying to sell snow in the North Pole.
Domino's Pizza and ePizza SpA did not immediately respond to BBC requests for comment. — BBC


Clic here to read the story from its source.