Papa Johns refranchises 85 DC/Baltimore units to Pie Investments; 52 new stores planned

PAPA JOHNS INTERNATIONAL INC

Pie Investments, led by Chris Patel, assumes ownership of 85 restaurants previously owned by Colonel's Limited, LLC joint venture.
Franchisee William Freitas of Colonel's Limited retires after operating Papa Johns since 1993.
Pie Investments plans 52 additional new Papa Johns restaurants by 2030 across Greater Philadelphia, DC, and Baltimore.
Pie Investments now operates over 150 Papa Johns restaurants, targeting 250 by 2030.

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