Papa Murphy's pizza remains a prominent take-and-bake pizza chain, but it has undergone significant corporate changes and recently experienced a wave of store closures.
Current Status and Ownership
Papa Murphy's is still actively operating and serving customers. In 2019, the Vancouver, Washington-based company was acquired by MTY Food Group, a large Canadian franchisor. Despite this acquisition and the array of other brands under MTY Food Group's umbrella, Papa Murphy's holds a significant position within the conglomerate, remaining the corporation's largest brand by a notable margin.
Recent Developments: Store Closures
In its recent financial third quarter, Papa Murphy's parent company experienced the closure of approximately 100 locations. These closures primarily affected franchise stores across its network, indicating a strategic adjustment or market response within the company's operational footprint.
Key Facts at a Glance
| Aspect | Detail |
|---|---|
| Current Status | Operational, a take-and-bake pizza chain |
| Acquisition | Acquired by MTY Food Group (Canadian company) in 2019 |
| Brand Position | Remains MTY Food Group's largest brand |
| Recent Impact | Lost around 100 locations (primarily franchise stores) in its financial third quarter |
These developments reflect ongoing adjustments within the competitive quick-service restaurant industry, even for established brands like Papa Murphy's. The company continues to operate, focusing on its unique take-and-bake model.
