PETALING JAYA: Domino’s Pizza Malaysia is set to become part of the largest Domino’s network outside of the United States via a proposed acquisition by Domino’s Pizza Enterprises Ltd (DPE).
DPE is an Australian-based group which operates about 3,400 Domino’s stores in 10 markets worldwide.
Towards this end, DPE has entered into a binding agreement with Mikenwill (M) Sdn Bhd, which owns 100% of Dommal Food Services Sdn Bhd, the master franchise holder in Malaysia; Impress Foods Pte Ltd which owns 100% Domino’s Pizza Singapore and 65% of Domino’s Pizza Cambodia; as well as with minority shareholders in Cambodia for the remaining 35% stake.
“This will see DPE acquiring 100% of the Domino’s Pizza businesses in Malaysia, Singapore and Cambodia, comprising 287 corporate stores across these markets.
“The binding agreement entails the acquisition of the corporate stores and franchise rights held by Mikenwill and Impress Foods,” according to a statement issued by Domino’s Pizza Malaysia yesterday.
The acquisition is expected to be completed by year-end.
Domino’s Pizza Malaysia is the largest Domino’s market in South-East Asia, managed by Dommal Food Services Sdn Bhd with 240 stores in the country, while Impress Foods manages the Singapore and Cambodia markets with 38 and nine stores, respectively.
Group chief executive officer of Domino’s Pizza Malaysia, Singapore and Cambodia, Ba U Shan-Ting said: “We are excited for the next phase of evolution for Domino’s Pizza in Malaysia and the region.
“In tandem with this, we aim to expand the number of stores to more than 600 over the long term, setting us on the path to becoming the largest pizza chain in the three countries.”
The team in Malaysia, led by Shamsul Amree, chief executive officer of Domino’s Pizza Malaysia, will continue to serve its Malaysian customers, the statement said.
‘“Our team will become part of the largest Domino’s network outside of the US, giving us access to new technology and operational innovations that will propel our services to new heights as we deliver customers a more rewarding ordering experience, for hot, freshly prepared meals delivered to their door,” added Shan-Ting.
DPE’s latest strategic acquisition of Malaysia, Singapore and Cambodia is in line with its ongoing expansion plans, particularly in Asia.
Its impressive track record is reflected in its extensive international footprint which began in the Australian market, with Taiwan being the most recent addition to its portfolio, bringing its total presence to 13 countries.
DPE aims to achieve a store count of 3,000 stores in Asia by 2033.
