Papa John’s recently announced its withdrawal from Kazakhstan and Kyrgyzstan after losing market share to more flexible regional rivals such as Dodo Pizza, analysts at Teniz Capital Investment Banking said.
The U.S.-based pizza chain entered Kazakhstan in 2018, opening 15 restaurants but failing to keep pace with fast-growing local competitors. Some former locations have already been taken over by Bellissimo Pizza, a Uzbekistan-based chain.
Shift toward regional, tech-driven chains
«Papa John’s departure shows a profound structural shift: international franchises with traditional operating models now yield to tech-savvy, flexible, and rapidly scalable regional chains,» Teniz...