The Spanish pizza retailer “Telepizza” signed a master franchise agreement with the Momenin Investment Group based in Iran and headed by Mr.
Hadi Momenin. The chain aims to open 8 stores in 2017, with the 1st unit expected in March
in Tehran. Its partner will invest €95 million in the development. In the fiscal year to September 2016, Telepizza had 1,342 stores (with 66% of franchised units) worldwide.
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