Domino's opens first store in Vietnam
November 19, 2010
by Meat&Poultry Staff
ANN ARBOR, Mich. – Domino's Pizza opened its first store in Vietnam in Ho Chi Minh City.
"Domino's Pizza has a long history of delivering quality products to its customers," said Tony Cricenti, CEO, Domino's Pizza Vietnam. "We are very excited that Domino's Pizza is now in Vietnam and we look forward to providing that same level of service that our customers expect from this global brand."
"Opening our first store in the largest city in Vietnam gives us an excellent entryway into this growing economy," said Michael Lawton, CFO and interim-executive vice president of Domino's Pizza International. "We have an excellent Master Franchisee who has the knowledge and skills needed to grow our brand into the leader in the market."
The Master Franchisee is Vietnam Food & Beverage Service, a fully-owned subsidiary of the Imex Pan Pacific Group (IPP Group). The IPP Group has acquired more than 25 years of experience operating retail, food and beverage outlets in Vietnam with an extensive portfolio of brands.
Domino's Pizza operates in 67 markets worldwide, with nearly half of its global retail sales coming from international stores -- making up approximately one-third of its operating income. Domino’s stores have also been opened this year in other new markets, such as Germany, Romania and the Ukraine.
Domino's Pizza said it is the recognized world leader in pizza delivery. It operates a network of 9,169 franchised and company-owned stores in the US and more than 60 international markets. The Domino's Pizza brand had global retail sales of more than $5.6 billion in 2009, comprised of nearly $3.1 billion domestically and over $2.5 billion internationally.