Ju­bi­lant Won’t Hes­i­tate to Shut Domino’s Out­lets to Cut Costs: CEO

The Economic Times - - Brands: Creating Desire - Our Bureau

New Delhi: Ju­bi­lant FoodWorks chief ex­ec­u­tive Pratik Pota has said the com­pany will not shy away from clos­ing Domino’s Pizza out­lets if it helps in re­duc­ing cost. “We check prof­itabil­ity of stores, and if there is a pos­si­bil­ity of a turn­around, we do it, oth­er­wise we are unemo­tional about clo­sure,” Pota told re­porters.

Quick ser­vice chain Ju­bi­lant FoodWorks op­er­ates Domino’s Pizza and Dunkin Donuts brands in In­dia. Pota, a for­mer Pep­sico ex­ec­u­tive, had joined the com­pany in April. On how many stores will be closed, Pota said, “We do not see too many store clo­sures, but we are crit­i­cal about it. At Dunkin’ we are com­mit­ted to re­duce losses to half in the FY18.”

Pota said the com­pany will also go slow on Domino’s ex­pan­sion this year, with plans of open­ing 4050 stores this fis­cal. The com­pany has been open­ing, on av­er­age, more than 100 out­lets ev­ery year over the last few years.

Mean­while, Domino’s In­dia will in­vest .₹ 100 crore to up­grade its prod­ucts, which will in­clude in­tro­duc­tion of new pizza crust, top­pings and new pack­ag­ing.

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