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<div id="pastingspan1"><span style="">Domino&#8217;s Pizza Group is hoping to take a bigger slice of the German market by setting up a new joint venture with an Australian partner.</span></div><div>&nbsp;</div><div id="pastingspan1"><span style="">For years the group had been attempting to set up a chain in Germany on its own, but when their plans never settled, Domino&#8217;s decided to change their tactic. In conjunction with the Australian company, Domino&#8217;s purchased Joey&#8217;s Pizza&#8212;the largest pizza chain in Germany. Joey&#8217;s has 212 stores across the country, with annual sales of $156.5 million.</span></div><div>&nbsp;</div><div id="pastingspan1"><span style="">Germany is currently the world&#8217;s fourth-biggest pizza market, and the deal is said to be worth up to $86 million.  The deal will increase the number of stores owned by Sydney-listed Domino&#8217;s Pizza Enterprises to 1,870.</span></div><div>&nbsp;</div><div id="pastingspan1"><span style="">Don Meij, chief executive of Domino&#8217;s Pizza Enterprises, said that entering the German market represented a long-term growth opportunity.</span></div><div>&nbsp;</div><div><span style="">&#8220;The acquisition of the market-leading Joey&#8217;s Pizza business provides immediate scale and marketing presence, which we can build from,&#8221; Meij said.</span></div><div id="pastingspan1">&nbsp;</div><div><span style="">The company&#8217;s Sydney-listed shares jumped more than 12 percent after the deal was announced.</span></div><div>&nbsp;</div><div><a href="http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12052564/Dominos-Pizza-agrees-joint-venture-to-turn-around-German-business.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=dominos-buys-biggest-german-pizza-chain-3136" target="_blank" rel="nofollow" target="_blank">Click here to read the original article.</a></div>

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The company set up a joint venture with Australian partner to buy their German rival.

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