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2 weeks ago

Pizza chain to close up to 50 locations as sales slump

A Canadian restaurant franchisor and operator is planning to close between 45 and 50 Papa Murphy's stores amid a tough competitive environment for the pizza chain.Papa Murphy's is known for its take-and-bake pizzas that customers can pick up at the store after placing a walk-in, call-in or online order and cook at home. The brand is owned by MTY Food Group, which operates some locations and franchises others. MTY Food Group CEO Eric Lefebvre said on an earnings call that "Papa Murphy's, in such a competitive environment for pizza, is currently suffering a little bit more."He said that the comp...