American corporation eyes up to €2.8 million investment in Lisbon
Papa John's, the popular pizza chain, is gearing up for an exciting expansion in Portugal, with plans to open 10 new stores in Lisbon this year. The total investment for this expansion could reach a significant 2.8 million euros, potentially creating up to 150 jobs.
Despite the focus on Lisbon, Papa John's general director for Iberia, Nacho González Barrajón, has hinted at plans to expand to other strategic cities in Portugal beyond the capital. However, the cities for potential expansion beyond Lisbon are still being evaluated.
Recent news has highlighted Papa John's strategic partnership to introduce plant-based menu options in both Spain and Portugal, but specific expansion plans within Portugal have not yet been detailed. The brand is already present in Lisbon, and it recently opened its first store outside the capital in Barreiro.
Each new store in the expansion plan will employ between 10 and 15 employees, meaning the total workforce for the 10 new stores could be between 100 and 150. The estimated investment per store in the 2025 expansion plan is between 250,000 and 280,000 euros.
With the expansion, Papa John's aims to strengthen its presence in Portugal and offer its delicious pizzas to more customers across the country. As the plans unfold, pizza lovers can look forward to more convenient locations to enjoy their favourite meals.
- Papa John's ambitious expansion in Portugal may not be limited to Lisbon, as the general director for Iberia, Nacho González Barrajón, has hinted at plans to expand to other strategic cities in the country.
- The retail sector in Portugal, with the addition of Papa John's new stores, could be positively affected, considering the potential creation of up to 150 jobs.
- The financial industry in Portugal might see an influx in investments, especially as each new store requires an estimated investment of between 250,000 and 280,000 euros, according to the expansion plan for 2025.
