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Papa John's

Financing

Is a merger still in Papa John’s future?

John Schnatter told Fox Business that he talked with Wendy’s about merging—and that the chance of a deal has increased since the recent CEO change, says RB’s The Bottom Line.

Marketing

Shaquille O’Neal posts up for Papa John’s

The newly minted company director will start appearing in national TV ads for the pizza chain Thursday in which he surprises customers by making deliveries.

The company’s founder, who has exited all of his roles and is selling stock, again said that the chain needed to replace its leadership.

The former Arby’s executive will take over for Steve Ritchie as the company opts to overhaul its executive post.

His promotion from CMO was announced almost simultaneously with the appointment of his predecessor as CEO of Papa John’s.

The chain’s founder and former CEO sold 250,000 more shares last week as he continues unwinding his holdings.

The company named Jim Norberg its chief restaurant operations officer.

The company will provide royalty relief to operators and add to the chain’s ad fund in a bid to improve the brand’s recovery.

RB’s The Bottom Line looks at what it took Papa John’s to land NBA great Shaquille O’Neal as a director and spokesman.

The company has generated excitement with the Starboard investment and addition of Shaquille O’Neal, but sales growth remains key to its comeback.

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