Jan. 11, 2004
JERUSALEM—A group of U.S. investors is one of six groups mulling the purchase of the bankrupt Domino's Pizza Israel franchise.
According to Haaretz Daily, Ami Ben-Dror, a former marketing manager of Omni Food Brands, which managed the troubled franchisee, is representing the group. On Jan. 12, he confirmed he had acquired the documents to table a bid from the chain's receiver, attorney Ronen Matari.
Ben-Dror declined to estimate what the chain might be worth.
Deadline for the submission of bids is Jan. 13.
Among the groups interested in the franchise is the Sbarro chain, whose local manager, Amir Chasson, commented, "We received the material and are studying it."
Sources close to Domino's U.S. headquarters, however, said it was highly unlikely it would accept an offer from Sbarro, a pizza rival.
Since the local chain entered receivership in late November 2003, its sales dropped by 20 percent, but picked up after it started advertising again.
The franchise operates 14 Domino's units; another eight are operated in Israel by other franchisees.