This beloved US pizza chain is shutting up to 50 restaurants after losing millions and more closures could
- Posted on July 13, 2026
- By Business News Today
- 0 Views
- 1 min read
In brief
Papa Murphy's Holdings, owned by MTY Group, announces a significant restructuring plan involving the closure of up to 50 underperforming corporate-operated restaurants. The restructuring initiative, expected to span six to nine months, aims to address substantial financial losses and enhance operational efficiency across the chain. Industry analysts suggest additional location shutdowns may follow as the company reassesses its portfolio strategy.
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This beloved US pizza chain is shutting up to 50 restaurants after losing millions and more closures could
Papa Murphy restaurant closures: Papa Murphy's parent company, MTY Group, will close up to fifty underperforming corporate locations. These closures are planned over the next six to nine months to improve overall performance. The company identified significant losses from these specific corporate stores and even more closures would follow in the future.
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