Mar 18, 2019

Domino's Pizza denies claims it misled investors

Domino's Pizza has rejected claims it has been misleading investors over relations with some of the franchisees who own its outlets. According to the Sunday Times, the Domino's Franchise Association, accused Domino's of misinforming the City by suggesting last week the wrangle could be resolved. Domino's "Strongly refutes" the claims. In its results released last week, which showed sales up but profits down, it acknowledged that relations with franchisees would hold back the number of new store openings this year. Last year, 11 of the company's biggest franchisees wrote to the board threatening to "Declare war" on the firm unless they got a bigger slice of the company's profits.

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