Official Michael Fomkin Blog

  • 11:39:08 am on April 11, 2007 | 0

    B.C.-based Panago moves into Ontario; Pizza Pizza targets Western Canada

     
    KEITH MCARTHUR

     
    FOOD AND BEVERAGE REPORTER

     
    Canada’s pizza industry is bracing for a pie fight, as two of the country’s largest players expand into each other’s turf.

     
    Pizza Pizza Ltd., Canada’s largest takeout and delivery chain, is planning to expand into Western Canada. And Panago Pizza Inc., the largest player in the West, opens its first restaurant today in Pizza Pizza’s Toronto stronghold.

     
    “It sounds like a fait accompli that they’re both going to go into each others’ backyard,” said Chris Rankin, an analyst who covers Pizza Pizza Royalty Income Fund for Canaccord Adams.

     

    Source: theglobeandmail.com

    B.C.-based Panago moves into Ontario; Pizza Pizza targets Western Canada
     
    KEITH MCARTHUR
     
    FOOD AND BEVERAGE REPORTER
     
    Canada’s pizza industry is bracing for a pie fight, as two of the country’s largest players expand into each other’s turf.
     
    Pizza Pizza Ltd., Canada’s largest takeout and delivery chain, is planning to expand into Western Canada. And Panago Pizza Inc., the largest player in the West, opens its first restaurant today in Pizza Pizza’s Toronto stronghold.
     
    “It sounds like a fait accompli that they’re both going to go into each others’ backyard,” said Chris Rankin, an analyst who covers Pizza Pizza Royalty Income Fund for Canaccord Adams.
     
    “It’s a logical development. If you reach a place where you’re pretty well built, that’s what you have to do.”

    Source: theglobeandmail.com

    Tags: Panago | slice | pie | chains | Western Canada | Toronto | Stuff | PIZZA | Ontario | money | Michael Fomkin | Canada | atlantic

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