18th Mar 2019 08:21
LONDON (Alliance News) - Domino's Pizza Group PLC on Monday "strongly refuted" an article in the Times, printed Saturday, that said it has been misleading shareholders over its dispute with franchise owners.
The article said Domino's has been accused of misleading investors over the state of relations with its franchise owners group, Domino's Franchisee Association.
The store owners sent a letter to the company saying it was "extremely misleading" for Domino's to suggest it was close to a resolution with the association as the board is "at total odds with the franchisees", according to the newspaper.
https://www.thetimes.co.uk/article/dominos-pizza-led-by-david-wild-accused-of-misleading-the-city-75dgv7wgz
Domino's responded Monday: "The company strongly refutes the reported allegations. The company has been clear and transparent that it has been in commercial discussions with franchisees, which are continuing."
The franchisees have refused to open new stores until they are granted a greater share of the company's profits, The Times, adding their share of the company's profits have fallen to 50% from 61% over the past four years.
Shares in Domino's were up 2.4% in early trading Monday at 236.30 pence each.
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