Domino's Pizza opened its first franchise location in 1967 and by 1978, the company had expanded to 200 stores. Monaghan planned to add a new dot with the addition of every new store, but this idea quickly faded, as Domino's experienced rapid growth. The company logo originally had three dots, representing the three stores in 1965. Monaghan immediately loved the idea and officially renamed the business Domino's Pizza, Inc. One day, an employee, Jim Kennedy, returned from a pizza delivery and suggested the name 'Domino's'. Monaghan wanted the stores to share the same branding, but the original owner forbade him from using the DomiNick's name. īy 1965, Tom Monaghan had purchased two additional pizzerias he now had a total of three locations in the same county. Within eight months, James traded his half of the business to Tom for the Volkswagen Beetle they used for pizza deliveries. The brothers planned to split the work hours evenly, but James did not want to quit his job as a full-time postman to keep up with the demands of the new business. The deal was secured by a $500 down payment, then the brothers borrowed $900 to pay for the store. In 1960, Tom Monaghan and his brother, James, took over the operation of DomiNick's, an existing location of a small pizza restaurant chain that had been owned by Dominick DeVarti, at 507 Cross Street (now 301 West Cross Street) in Ypsilanti, Michigan, near Eastern Michigan University. Domino's has stores in over 83 countries and 5,701 cities worldwide. As of 2018, Domino's had approximately 15,000 stores, with 5,649 in the United States, 1,500 in India, and 1,249 in the United Kingdom. The corporation is Delaware-domiciled and headquartered at the Domino's Farms Office Park in Ann Arbor Township, near Ann Arbor, Michigan. Founded in 1960, the chain is owned by master franchisor Domino's Pizza, Inc. “We are a volume business and less volume isn’t helping,” he said at the time.Domino's is an American multinational pizza restaurant chain. In February, Domino’s said its first-half earnings were down 14 per cent to $212.8 million, which Meij blamed on the company being too quick to pass on inflation to its customers, resulting in fewer orders. The various streamlining measures are expected to save the company an estimated $53 million to $59 million a year. “The investment and focus required is a drag on neighbouring stores and a distraction for the system.”ĭomino’s had purchased its stores in Denmark in 2019 from the brand’s previous owners for the bargain price of 2.5 million euros ($A4 million) after a Danish TV show highlighted food-safety violations, poor working conditions and rat-infested kitchens that forced the company into receivership.īut while the new team there won back some customers with a focus on food safety and hygiene, ultimately the reputational damage from the previous ownership was too great to overcome, said Europe CEO Andre ten Wolde.ĭomino’s also plans to shut its construction and supply arm in Australia and close its centralised dough-making commissaries in South-East Asia in favour of making dough in stores. “Making the decision to close any store is a difficult one, but for these stores it is the right one,” group CEO and managing director Don Meij said.

This comes as Domino’s Pizza Enterprises shares slid to their lowest level in nearly four years after the fast food giant said it had been unable to rebuild from a worrying drop in weekly delivery orders.

Dominos number of locations