British pizza delivery company Domino’s Pizza is pulling out of Switzerland, Norway, Sweden and Iceland owing to increasing losses.
This content was published on
1 minute
Keystone-SDA/ts
“Although the financial results have stabilised, the performance of our international business remains disappointing,” said outgoing chief executive David Wild on Thursday. “We have concluded that, while they represent attractive markets, we are not the best owners of these businesses.”
The British firm, which operates under licence from its US parent, reported that strong third-quarter demand in Britain and Ireland had increased total turnover by 3.4% to £313.5 million (CHF396 million). However, third-quarter turnover in the small international business fell 2.7% to £25.3 million.
In Switzerland, sales shrank by 2.9% in the third quarter, when another store was opened in Zurich.
According to Domino’s Pizza SwitzerlandExternal link, the chain has 22 locations in Zurich, Geneva, Basel, Lausanne, Bern, Winterthur, Dietikon and Neuchâtel. It employs 420 people.
Founded in Michigan in 1960, Domino’s opened its first Swiss branch in Geneva in 2000.
Domino’s is not the first US pizza operation to raise the white flag in Switzerland. Pizza Hut Switzerland once had ten restaurants in the country but went bankrupt in 2004.
More
More
Cross-border pizza trade cut into pieces
This content was published on
Pizzas delivered from Germany must pass full customs inspections, Swiss customs authorities have decided, drawing ire from German business representatives. The regional chamber of commerce for the Swiss-German border region in Germany‘s Baden-Württemberg state last week announced that talks with Swiss authorities on finding an unbureaucratic solution to this problem had failed. The previous system…
Swiss climate activists block vehicles near Gotthard tunnel
This content was published on
Around ten climate activists briefly blocked the A2 motorway near the northern entrance of the Gotthard tunnel on Thursday.
Watches belonging to Michael Schumacher up for auction
This content was published on
Schumacher's family is auctioning off eight rare watches from his collection in Geneva. The Christie's auction will take place on Monday.
Joya Marleen and Baschi named best solo acts at Swiss Music Awards
This content was published on
St. Gallen singer Joya Marleen and Baschi from Basel were named artists of the year at the Swiss Music Awards 2024 on Wednesday night.
Swiss authorities announce cost-cutting in asylum sector
This content was published on
The government notably wants to improve integration into the labour force, particularly for people with protection status S.
Various leaders confirm participation at Ukraine peace conference
This content was published on
The presidents of Poland, Finland, and Latvia and the prime ministers of Spain and Belgium will be at the Swiss-hosted talks in mid-June.
This content was published on
In the winter season up to April 2024, railway and cable car operators ferried 3% more visitors compared to the previous winter, and 5% more than the five-year average.
Rhine flooding: Swiss to invest CHF1 billion with Austria
This content was published on
As part of an international agreement with Austria, the Swiss government wants to pump CHF1 billion ($1.1 billion) into flood protection measures along the Rhine over the next three decades.
Swiss government proposes CHF10 million UNRWA donation
This content was published on
After months of debate, Switzerland plans to give CHF10 million ($11 million) to the UN agency this year, rather than the CHF20 million initially foreseen.
This content was published on
The company, a franchise of the world’s biggest pizza chain and present in the country for 16 years, was declared bankrupt after it failed to attract new investors. Branches in Geneva, Lausanne, Zurich and Basel will cease trading later this week. The chain’s Swiss operations were placed in receivership following the intervention of the Geneva…
This content was published on
How many times have you missed your breakfast running late for class or skipped lunch? It happens more often than you think.
This content was published on
Once a ball boy, always a ball boy. Roger Federer has again come up with the goods at his hometown event in Basel: pizzas.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.