Telepizza to open in Iran

Telepizza will be opening its first store in Iran in March 2017 via a strategic master franchise alliance with its partner Momenin Investment Group. The partnership will help establish 200 stores in 10 years –or 20 establishments per year  and an investment of EUR 100 million in ten years  by MIG.

A leading non-US pizza delivery company by number of stores, Telepizza is the first European restaurant chain in the QSR sector to set up in Iran. Its first store will be located in Teheran, after which seven others will be opened before the end of the year.

"The arrival of Telepizza in Iran is a major accomplishment in our international expansion and represents a great opportunity for our business. We are delighted to share the essence of our brand, nothing less than offering pizza with a unique flavor at any time or place, with Iranian consumers " says Pablo Juantegui, Chairman and CEO of Telepizza.

"We are very satisfied to have found a travel companion like   Momenin Investment Group   to begin our venture in Iran , which promises to be very interesting. We will be the first European chain in the QSR segment to set up in this country, catering to the customers' demand   that went   unmet up to this point," states  Giorgio Minardi, International Chairman of Telepizza.

“Telepizza is a global brand that we are proud to be able to introduce in Iran . A distinguished brand concept with high degree of product innovation, excellence in delivery and consumer technology, that will allow us to bring to Iranian people which was missing today in the market: freshly quality handmade pizzas, friendly and innovative delivered at a great value to be enjoyed anywhere ," explains Hadi Momenin, representative of Momenin Investment Group.

The company recently announced its opening in Saudi Arabia following the recent inauguration of three stores  in Riyadh , the capital. They are the first of 100 projected   stores   over a 10-year period.  In this case, the operation was carried out in collaboration with Emtyaz Catering Company, a subsidiary of Al Bayan Holding Group.  

Telepizza’s expansion goes beyond the Middle East, and will open 80 stores in the UK over the next 10 years , alongside Karali Ventures Limited, as well as develop a business plan that includes 300 new  establishments in a decade , through the collaboration of 20 franchisees. While in Malta , through the partnership with Joseph P. Attard , the brand will have one store in the first quarter of 2017 and three more in the next three years.

Related report:  Spanish restaurant chain to expand in Saudi Arabia