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October 7, 2021

Orkla adds to German pizza chain portfolio with new acquisitions

It has bought the Flying Pizza and Planet Planet chains through its New York Pizza business.

Norway-based food group Orkla has acquired two more German pizza chains, in another move to expand its assets in foodservice.

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Orkla has bought the Flying Pizza and Planet Planet chains through New York Pizza, the Dutch pizza chain in which the food manufacturer acquired a 75% stake in June. Financial details have not been disclosed

The deals come just a month after Orkla revealed it had acquired another German pizza chain, Stückwerk.

Its new assets together own 73 franchisee-operated sales outlets in Germany. Flying Pizza has 43 franchisee-operated sales outlets in northern and eastern Germany while Pizza Planet has 30 stores concentrated in the suburbs of Berlin.

Orkla president and CEO Jaan Ivar Semlitsch, said: “We have now established a solid foothold in the growing German pizza market. We have a clear ambition of increasing our presence in the out of home channel, which has higher growth than the traditional grocery sector.”

These acquisitions give New York Pizza 342 franchisee-operated sales outlets – 234 in the Netherlands, 107 in Germany and one in Belgium.

Orkla also owns the Finnish pizza chain Kotipizza, which has a total of 293 sales outlets. This means that 635 franchisee-operated sales outlets are now part of Orkla.

Kenneth Haavet, Orkla EVP and board chair of New York Pizza, said: “With the acquisitions of Stückwerk, Flying Pizza and Pizza Planet we are well on our way to also becoming one of the leading pizza chains in Germany. We will continue to grow both organically and structurally when opportunities arise.”

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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