Domino (Taiwan)
2021
Why
Regional market consolidation.
Domino's Pizza, Inc.
Quick Service Restaurants & FranchisingFounded 1960- HQ today: Ann Arbor, Michigan
Reviewed by Swet Parvadiya
Company data updated: October 2026
Acquisitions
Domino's Pizza Acquisitions
4
Major Deals Covered
What are Domino's Pizza's biggest acquisitions?
This page covers 4 major deals from 2017 to 2021, each with its price where disclosed and the reason behind it.
- Major deals covered
- 4
- First deal
- 2017
- Most recent
- 2021
| Company | Year | Price | Purpose |
|---|---|---|---|
| Domino (Taiwan) | 2021 | Undisclosed | Regional market consolidation. |
| Pizza Dominium | 2020 | Undisclosed | Expansion in Poland. |
| Hallo Pizza | 2017 | Undisclosed | Expansion in Germany. |
| Dolly Dimple's | 2017 | Undisclosed | Expansion in Norway. |
- What companies has Domino's Pizza bought?
- Major acquisitions by Domino's Pizza documented here include Domino (Taiwan) (2021), Pizza Dominium (2020), Hallo Pizza (2017) and Dolly Dimple's (2017).
- What is Domino's Pizza's most recent acquisition?
- The most recent Domino's Pizza acquisition documented here is Domino (Taiwan), in 2021.
Pizza Dominium
2020
Why
Expansion in Poland.
Hallo Pizza
2017
Why
Expansion in Germany.
Dolly Dimple's
2017
Why
Expansion in Norway.
Domino's Pizza, Inc.'s Growth & Acquisition Strategy
Domino's 'Hungry for MORE' strategy, launched in late 2023, focuses on more sales, more stores and more profits. Its levers are the Domino's Rewards loyalty program, value promotions, new menu items, presence on Uber Eats and DoorDash alongside its own delivery, carryout growth, and steady unit expansion, especially internationally, where 604 net stores opened in 2025.
How Domino's Pizza, Inc. Makes Money
Domino's runs a heavily franchised, asset-light model. Independent franchisees own almost all stores, and the corporate company earns money in three main ways: (1) supply-chain sales, where regional dough-manufacturing and distribution centers sell dough, cheese, other food, equipment and supplies to U.S. and Canadian stores, which is the largest revenue line but lower-margin; (2) royalties and fees from U.S. and international franchisees, calculated as a percentage of store retail sales, which drive most of the profit; and (3) U.S. franchise advertising contributions and revenue from a small base of company-owned stores. Franchisees also pay technology fees for the ordering platform. International markets are mostly run by master franchisees, such as Domino's Pizza Enterprises and Jubilant FoodWorks, which pay royalties to Domino's.
Domino's Pizza Acquisitions FAQ
What was the historic 1998 buyout of Domino's Pizza by Bain Capital?
In 1998, private equity firm Bain Capital acquired a 93% controlling equity stake in Domino's Pizza from founder Tom Monaghan for approximately $1.0 billion, professionalizing management and preparing the company for its 2004 NYSE Initial Public Offering.
How does Domino's partner with master franchise conglomerates like Domino's Pizza Enterprises (DPE)?
Domino's licenses master franchise development rights to Domino's Pizza Enterprises (DPE), a publicly listed Australian company (ASX: DMP) that owns and operates thousands of Domino's stores across Australia, New Zealand, Japan, France, Germany, and the Benelux region.
What is Jubilant FoodWorks and what is its role in Domino's Indian market dominance?
Jubilant FoodWorks is the exclusive master franchisee for Domino's Pizza in India, operating over 1,900 stores. Under Jubilant, India has become Domino's largest retail market outside the United States by store count.
What technology acquisitions or acqui-hires has Domino's executed to build its digital stack?
Domino's has selectively acquired proprietary technology assets and software engineering teams to build its internal digital ordering engine, automated pizza tracking algorithms, and DOM point-of-sale systems in-house.
Why did Domino's partner with Uber Eats rather than acquiring a delivery platform?
Domino's chose a software integration partnership with Uber Eats rather than acquiring an expensive delivery company, accessing Uber's 100M+ global users while preserving its proprietary in-house delivery driver network.
What is Domino's approach to acquiring company-owned stores from retiring franchisees?
Domino's selectively re-acquires high-volume franchised stores in key metropolitan markets (like Las Vegas, Miami, and Baltimore) to serve as corporate testbeds for new technologies, equipment, and training programs.
How does Domino's invest in supply chain automation centers?
Domino's invests tens of millions annually in constructing and automating regional supply chain dough manufacturing centers (including state-of-the-art facilities in Indiana, Texas, and Georgia) to support hundreds of new store openings.
What is Domino's M&A philosophy under CEO Russell Weiner?
Domino's maintains a disciplined asset-light approach, avoiding debt-heavy restaurant conglomerate acquisitions to focus 100% of capital on expanding its core pizza delivery and carryout franchise network globally.
Does Domino's buy other pizza chains?
Almost never. Their growth model is entirely organic franchise expansion. Instead of buying competitors, they aggressively sell "Master Franchise" rights (like to Domino's Pizza Enterprises in Australia), allowing foreign companies to build thousands of Domino's stores internationally while corporate just collects the royalties.
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