THE AGREEMENT MARKS THE FIRST ENTRY INTO THE MEXICAN MARKET FOR THE MAJOR CANADIAN PIZZA CHAIN

TORONTO, December 1, 2021 / CNW / – PIZZA PIZZA LIMITED today announced as part of its ongoing expansion plans in Canada and beyond, the establishment of a Master Franchise Agreement with Guadalajara based at KSG / GrünCorp. The partnership will see Canada’s leading pizza chain enter the Mexican market in 2022. GrünCorp, through its affiliate Key Spot Group (“KSG”), will be the primary franchisee for Mexico, responsible for the development and growth of the country’s restaurants.

Pictured: Ricardo Aldrete, President and CEO of GrünCorp; Paul Goddard, President and CEO, Pizza Pizza Limited and Nataly Valdez, CEO Key Spot Group (CNW Group / Pizza Pizza Limited)

“We are delighted to present pizza lovers in Mexico to our innovative and unique offer. Our wide assortment of pizzas, exclusive chicken products and famous slices is a proven formula that we look forward to bringing to new markets, ”said Paul goddard, President and Chief Executive Officer, Pizza Pizza Limitée. “The call for pizza continues to grow in Mexico and we believe our delicious food and great value will connect well with Mexican consumers. Our partner, KSG / GrünCorp, is a long-time successful business leader in the Mexico, with deep expertise in the food service industry and real estate, and we are proud to work alongside their experienced team. “

“We are delighted to partner with Pizza Pizza, a leader in the quick-service pizza industry in Canada and we are very confident that together we will have great success in the Mexican market, ”said Ricardo aldrete, President and CEO of GrünCorp. “We also love Pizza Pizza Limited’s long-standing commitment to the community and its approach to continuous innovation which is reflected in the high quality of its products, as well as its industry-leading service and convenience. . “

“I am sure that our restaurants will be very successful in Mexico. The Mexican market is ready for a new player in this segment and Pizza Pizza Limited certainly has the best deal. ” said Nathalie Valdez, CEO of Key Spot Group (KSG).

About Pizza Pizza Limitée

Pizza Pizza Limited was founded in 1967 in Toronto, Ontario and became from Canada the leading national brand of quick-serve pizzas with over 730 restaurants across the country. In 2007, Pizza Pizza acquired the Pizza 73 brand and operates over 100 branches, mainly in Alberta.

Guided by its vision of “Always the best food, made especially for you”, with a focus on quality ingredients, customer service, continuous innovation and community engagement. For more information visit www.pizzapizza.ca and www.pizza73.ca or follow Pizza Pizza on Facebook, Instagram, LinkedIn and Twitter @PizzaPizzaLtd.

Pizza Pizza Royalty Corp. (TSX: PZA.TO), which indirectly owns the rights and trademarks of Pizza Pizza and Pizza 73, has licensed these and other trademarks to Pizza Pizza Limited.

About Grüncorp and KSG

GrünCorp is a Guadalajara based group which has several companies dedicated to real estate development, commercial development and hotel projects with international chains like IHG. Some of its subsidiaries are Grünpark, Grüncom, Roomie and KSG.

Their board of directors is chaired by Ricardo aldrete, president and Juan Carlos Aldrete as vice-president, alongside Job Hernández, Guillermo Hernández and Rodolfo Covarrubias.

KSG is the subsidiary and Food and Beverage operator of GrünCorp, headed by the CEO, Nathalie Valdez. KSG will be the Master Franchisee of Pizza Pizza Limited in Mexico. KSG operates Arby’s at Mexico as well as the house brand “Papas Topper”.

Certain statements contained in this press release constitute “forward-looking” statements, which involve known and unknown risks, uncertainties and other factors which may cause actual results, performances or achievements to differ materially from any future results, performances or achievements. expressed or implied. by such forward-looking statements. When used in this release, these statements may include words such as “may”, “will”, “expect”, “believe”, “plan”, “about”, “confident” and other similar terms in conjunction with a discussion of future events or operational or financial performance. These statements reflect management’s current expectations regarding future events and operational and financial performance and speak only as of the date of this press release. The Company does not intend or assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws. applicable.

SOURCE Pizza Pizza Limited

Cision

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2021/01/c8112.html