PZZA - Papa John's International suspends all corporate operations in Russia
Papa John’s International (NASDAQ:PZZA) has suspended all corporate operations in Russia. The company has stopped all operational, marketing and business support to, and engagement with, the Russian market, where all restaurants are owned by independent franchisees, and a master franchisee who controls operations and provides all supplies and ingredients for the restaurants through a supply chain that it owns and operates. The company does not own or operate any restaurants in Russia and is not currently receiving any royalties from the franchised stores in Russia.
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Papa John’s International suspends all corporate operations in Russia