Report analysing the published accounts of Domino s Pizza UK and Pizza Express plc
Report analysing the published accounts of Domino’s Pizza UK and Pizza Express plc Introduction This report as its title suggests will attempt to analyse the published accounts of Domino’s Pizza and Pizza Express. ... This report will follow the preceding format: - - Introduction – background detail on each of the companies: founders, history, major developments, brands and marketing strategy - The ratios - Analysis of the ratios - The limitations of this exercise - Conclusions 1. Domino’s Pizza UK: Background information 1.1 Tom Monaghan is the innovator and founder behind the Dominos pizza chain. ... With $500 in his pocket, Tom alongside his brother joined forces and opened a pizza delivery store in Ypsilanti, Michigan. ... A year later, Tom traded his Volkswagen Beetle for his brother’s share of the store and later renamed the business Domino’s Pizza. ... Through franchising Tom allowed for other people to invest in their own Domino’s Pizza stores. By doing so he expanded the Domino’s chain around the world, hence creating the world’s leading pizza delivery company and the eighth largest fast food brand in the world. ... 2 Domino’s Pizza are currently the market leader in the UK home delivered pizza business, serving a market which is estimated to be worth £448 million annually. Domino’s UK and Republic of Ireland operations are part of a global franchise network, which has over 7,000 pizza delivery stores in over 50 international markets. As we read this report, people all over the country are picking up their telephones, logging onto the Internet and using their digital remote control to order a delivery from Domino’s Pizza. ... After all, delivering fresh pizza on time would appear to be such a simple transaction, when in fact it is very intricate only made possible by ongoing innovation, invention and product development. At its core, Domino’s Pizza is a partnership between franchises, their teams and corporate team members. This in turn facilitates the ever-increasing developments made by Domino’s Pizza.