Helsinki-based Frankis Group Oyj, the parent company of Kotipizza chain, changed its name to Kotipizza Group.
April 3, 2015
Helsinki-based Frankis Group Oyj, the parent company of Kotipizza chain, changed its name to Kotipizza Group.
The group aims to have a stronger focus on developing new franchises. The first new chain is slated to open this year. The group consists of Kotipizza Oyj, a company operating the largest pizza chain in Finland, according to a company announcement, and Helsinki Foodstock Oy, a company specializing in wholesale to restaurant chains.
"The biggest trend in the international restaurant business is fast casual, where, as in Kotipizza, the focus is on serving a reasonably priced, but more authentic and higher-quality eating experience as compared to traditional fast food," Kotipizza Group CEO Tommi Tervanen said in a statement. "We believe that more and more Finns will in a restaurant want to eat a tasty meal produced responsibly with real ingredients but costing ten euros. With Kotipizza's know-how in franchising and with Helsinki Foodstock's efficient logistics, we have a unique opportunity to develop new fast casual restaurant chains and concepts for the Finnish market."
Kotipizza Group signed a letter of intent to start a new restaurant chain and plans to open in Helsinki in 2015.