Domino’s buys Pinky’s Pizza

According to a news report from news.com.au, “Domino’s Pizza has bought Pinky’s Pizza, a chain which operates 27 pizza outlets across Victoria, New South Wales and South Australia.”

“Domino’s Pizza chief executive Don Meij said the was purchase for an undisclosed sum and was a significant step for Domino’s,” said the story. “Mr Meij said that there would be one-off restructuring costs expensed in the 2008 financial year and he expected a lift in core operating income rom the deal in 2009. He said while the 27 stores would continue trading as Pinky’s Pizza, the franchisees would be offered to convert to Domino’s Pizza branding.”

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