Domino’s Pizza targets 420 store openings after Hong Kong IPO

The brand currently has 638 stores in China.

Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China plans to open a total of 420 stores in the Mainland in two years after its recent initial public offering in Hong Kong.

DPC Dash said it aims to open approximately 180 new Domino’s restaurants in 2023, and approximately 240 new stores in 2024.

The massive expansion plan will be fueled by the HK$626.7m the group raised when it became a publicly listed company trading on the Hong Kong Stock Exchange under the new stock code "1405.HK" on 28 March.

DPC Dash said it plans to use approximately 90% of the net proceeds from the Hong Kong IPO to expand the company's store network beyond its current 600+ stores under operation over the next few years. DPC Dash plans to open approximately 180 new stores in 2023, and approximately 240 new stores in 2024. The company also plans to open approximately 200 and 300 new stores in each of 2025 and 2026.

"The recent listing was a great achievement for DPC Dash as well as for our global franchisor, Domino's Pizza. With the newly raised proceeds, we aim to aggressively expand across the greater China region and to bring our comprehensive product offerings to hundreds of millions of potential Chinese consumers. We are excited for consumers across China to taste our handcrafted quality pizza at an attractive value proposition,” Frank Paul Krasovec, Director and Chairman of DPC Dash, said.

DPC Dash has operated Domino's Pizza since December 2010, when it acquired Domino's Pizza's then master franchisee in several Chinese provinces, Pizzavest China Ltd. In June 2017, DPC Dash renewed the Master Franchise Agreement with Domino's Pizza International Franchising Inc. and extended the franchise area to the entire China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China.

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