Last week saw a reprieve for long-suffering Domino’s Pizza Enterprises shareholders, with shares jumping on hopes that American private equity giant Bain Capital was interested in taking the ailing fast food chain private.
A struggling international business, sluggish sales growth and management turmoil have led the one-time market darling to record its first annual loss in two decades. Jack Cowin, the billionaire businessman behind the Hungry Jack’s burger chain, has taken the reins as executive chairman.
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