50 Pizza Stores SHUT DOWN! Is Your Favorite Chain Next?
Could your favorite pizza spot be next to disappear? Up to 50 Papa Murphy's locations are preparing to shut down permanently, as its parent company, MTY Group, addresses a challenging business period. This drastic move follows years of declines, with the entire pizza industry grappling with skyrocketing operating costs, changing consumer habits, and fierce competition. Consequently, MTY Group CEO Eric Lefebvre is taking a measured approach to eliminate underperforming corporate-owned restaurants that collectively generated over CAD 10 million in losses. To stay informed on how major brands are adapting to these economic shifts and which companies are struggling, make sure to subscribe to our channel.
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