Acquisition of two new pizza chains in Germany
New York Pizza has acquired the Flying Pizza and Pizza Planet pizza chains, which in total own 73 franchisee-operated sales outlets in Germany. These purchases were made one month after the acquisition of the German pizza chain Stückwerk.“We have now established a solid foothold in the growing German pizza market. We have a clear ambition of increasing our presence in the out of home channel, which has higher growth than the traditional grocery sector,” says Orkla President and CEO Jaan Ivar Semlitsch. In June, Orkla signed an agreement to purchase approximately 75% of the shares in New