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Papa John&rsquo;s International, Inc. has finalized the sale of its restaurants in China.

According to a <a href="https://www.qsrmagazine.com/news/papa-johns-completes-sale-china-restaurants?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-papa-johns-completes-sale-of-china-restaurants-2707001" target="_blank" rel="nofollow" target="_blank">press release published by qsr.com</a>, all 34 of the pizza franchise&rsquo;s locations in Beijing and Tianjin have been purchased by Asia Gourmet Holdings (Shanghai) Co., Ltd., a portfolio company and subsidiary of private equity from Advantage Partners.

&ldquo;We are excited to work together with Papa John&rsquo;s and further build upon the tradition of quality ingredients and strong customer service they have created in China,&rdquo; said Nam Jeongil, Chairman of Asia Gourmet Holdings (Shanghai). &ldquo;There is a bounty of opportunities for Papa John&rsquo;s in Beijing and Tianjin. We will apply Asia Gourmet Holding&rsquo;s knowledge of the region and success with our existing restaurant concepts, such as Zheng Yi Wei, a leading chain of restaurants offering Korean cuisine, to the Papa John&rsquo;s business.&rdquo;

Read the <a href="https://www.qsrmagazine.com/news/papa-johns-completes-sale-china-restaurants?utm_source=1851franchise.com&utm_medium=article&utm_campaign=qsr-papa-johns-completes-sale-of-china-restaurants-2707001" target="_blank" rel="nofollow" target="_blank">full press release at qsr.com</a>.

Papa John's Completes Sale of China Restaurants

QSR: Papa John's Completes Sale of China Restaurants

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A private equity firm has purchased all 34 of the pizza chain’s locations in China.

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QSR: Papa John's Completes Sale of China Restaurants

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