Papa John’s Plots Path Back to Pizza After Months of Turmoil
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Papa John’s International Inc., the beleaguered pizza maker that just landed a $200 million cash infusion from activist hedge fund Starboard Value LP, says its food is a step above the competition. But it’ll take time convincing consumers after a turbulent year for the chain.
While newly appointed chairman Jeff Smith, also the CEO of Starboard, says the company already has the goods, the changes won’t happen overnight.