Papa Murphy's Pizza

Financing

The owner of Papa Murphy's says consumers are getting more demanding

The CEO of MTY Food Group said customers expect more from their restaurants. But they’re not demanding more discounts yet.

Financing

Papa Murphy's owner hopes the brand's tough 2022 is in the past

The take-and-bake pizza chain "closed a lot of stores" last year amid lower franchisee profits. But parent company MTY Food Group says 2023 has started out much better.

The former finance executive will lead the brand under the Canadian brand operator MTY Food Group.

MTY Global says it is delaying openings and closing some restaurants during the week because it cannot find enough workers.

Parent company MTY Global said Friday that the chain’s momentum slowed recently amid unprecedented heat.

The take-and-bake pizza chain introduced its first new logo in more than a decade, and its first store redesign since 2014, as its sales rebounded during the pandemic.

Market shifts have helped both chains reverse earlier challenges, offsetting the Canadian company’s struggling mall and office concepts. They now need to keep their sales momentum.

Parties and trick-or-treating may be a no-go this year, but operators are scaring up fun activities and menu items to make up for it.

The Canadian-based brand collector, which operates Cold Stone Creamery and Pinkberry, among many others, has temporarily closed 2,100 locations.

MTY Group said it needs time to address complaints made by a whistleblower, which it deemed “frivolous.”

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