Domino’s Pizza Group acquires Dolly Dimple’s in Norway (through its associate, Pizza Pizza Norway) and also assumes a controlling shareholding in the Norway, Sweden and Iceland Domino’s businesses
Domino’s Pizza Group plc (‘Domino’s’ or ‘DPG’), the UK’s leading pizza company, together with our Nordic partners – Pizza Pizza Norway - today announces the acquisition of Dolly Dimple’s, a leading Norwegian pizza operator.
Dolly Dimple’s is the third largest pizza company in Norway, with 42 stores across the country and a well-established and strong heritage of customer service. It is being acquired from Norges Gruppen for an enterprise value of £4m.
Domino’s plans to integrate the Dolly Dimple’s business into the start-up Domino’s operation within Norway, which currently has 12 operating stores. The groups have limited geographical overlap and the combined operation will have around 50 stores by the end of the year, providing nationwide coverage.
In a series of transactions, which are dependent upon approval from the Central Bank of Iceland, the group shareholdings will be restructured and DPG will assume a controlling share in the Norway, Sweden and Iceland Domino’s businesses ahead of schedule. DPG will acquire the Iceland group 51% shareholding in Pizza Pizza Norway and increase its stake in the Icelandic business from 49% to 51%.
David Wild, CEO Domino’s Pizza Group said:
“This is a really exciting move for DPG and we are delighted to welcome the business into the Domino’s group. Dolly Dimple’s is a great operation with a loyal customer base, because of its great tasting pizzas. The Norwegian market has plenty of opportunity for growth and with Dolly Dimple’s stores and dedicated colleagues, alongside our expertise in digital and e-commerce, this acquisition will drive Domino’s growth across Norway. I am also pleased that we have been able to restructure our shareholdings ahead of schedule and now have a controlling share in the Norway, Sweden and Iceland businesses.”
For further information, please contact:
Domino’s Pizza Group plc:
David Wild, Chief Executive Officer
Rachel Osborne, Chief Financial Officer
020 7379 5151
James Devas, Robbie Hynes
020 7379 5151
Domino’s Pizza Group (DPG) is the UK’s leading pizza company with a total of over 1,000 stores and 35,000 colleagues. Headquartered in Milton Keynes, the first UK store opened in Luton in 1985 and the first Irish store opened in 1991.
DPG is a FTSE 250 business and holds the exclusive master franchise rights for the Domino’s brand in the UK and ROI, Switzerland, Liechtenstein and Luxembourg. Additionally DPG owns a strategic stake in the largest pizza delivery business in Germany, and significant minority interests in the master franchisees for Domino's Pizza in Iceland, Norway and Sweden making it one of the largest international Domino’s franchisees.
Making around 85 million pizzas a year, Domino’s uses only the freshest, highest quality ingredients. DPG constantly invests in technology to make things easier for customers. The Domino’s app has been downloaded almost 12 million times and up to 80 per cent of orders are now placed online.
Founded in 1960, the Domino's brand is owned by Domino's Pizza, Inc, a listed US company.