Papa John's IntI Inc signed a letter of intent to sell its Louisville corporate campus, planning to lease back the property in a $17$-year agreement. The restaurant operator informed its local workforce of the pending transaction during an all-hands meeting held on the morning of November 11. The divestiture affects more than 500 office and quality control personnel stationed at the Kentucky facility.
Papa Johns to Sell Louisville Campus
Papa Johns plans to sell its Louisville campus and sign a 17-year leaseback agreement. The pizza chain expects the deal to close in December, keeping over 500 local employees in the area.
Xurve View
Insights:
Xurve View
