Papa Johns Louetta And Grant (2024)

FAQs

Is Papa Johns owned by Shaquille O Neal? ›

Shaq owns nine Papa John's restaurants in and around Atlanta. He has also appeared in Papa John's commercials and other advertising which is part of the criteria he required. He not only purchased nine franchises, but he also sold the company the right to use his likeness and voice for $8.5 million.

1, Schnatter sold 1.9 million shares worth about $107.5 million, according to a Securities and Exchange Commission filing this week. He still owns 2.9 million shares, valued at more than $166 million, or roughly 9.2 percent of the company. PAPA JOHN'S INTERNATIONAL INC.

In 2021, Papa Johns rebranded and removed the apostrophe from the company name, another step in moving away from company founder Schnatter.

In 1983, John Schnatter delivered his last campus pizza, picked up his business degree from Ball State University, and went home to Jeffersonville, Indiana. There, at age 22, he knocked down the broom closet in his father's tavern, installed an oven and began delivering pizza out of the back of the bar.

Today, reports confirm that Shaq is the second-largest individual to own shares in Authentic Brand Group, which owns JCPenney, Forever 21, and, ironically, Reebok. While he may sell a hefty million shoes per month, O'Neal is no stranger to using the fortune he's amassed to help others.

The chain is known for its freshly baked pretzels and other baked goods. In addition to his restaurant chains, Shaq also owns a Krispy Kreme franchise. He owns one location in Atlanta, which was destroyed by arson in 2021. However, a new store is set to open in the summer of 2023.

Schnatter started the business in the back of his father's tavern after selling his car and using the proceeds to purchase used restaurant equipment. As of 2017, his net worth was more than $1 billion.

This article is more than 6 years old. John Schnatter—the founder and public face of pizza chain Papa John's—used the N-word on a conference call in May. Schnatter confirmed the incident in an emailed statement to Forbes on Wednesday. He resigned as chairman of Papa John's on Wednesday evening.

What is the controversy surrounding Papa John's? Papa John's CEO, John Schnatter, dropped a racial slur on a conference call. He was unhappy with players kneeling and protesting during the national anthem. He was removed from the company as CEO and spokesperson.

Did Papa Johns CEO step down? ›

Rob Lynch is leaving Papa Johns for another CEO position at a different company, according to a Papa Johns news release. “This was an incredibly difficult decision for me, as I see all of the upside potential that exists for this great company," Lynch said.

In 2017, Schnatter was first estimated to be worth $1 billion, according to Forbes. His net worth dipped below the billion mark until earlier this year. Now, Schnatter is estimated to be worth $1.1 billion, according to Forbes' real-time net worth calculator. PAPA JOHN'S INTERNATIONAL INC.

SHAQ & PAPA JOHNS

Shaquille O'Neal is a lifelong fan of Papa Johns, and he's been a part of the Papa Johns family for years. He's a member of our board of directors, a franchisee of several Papa Johns restaurants, and the creator of our signature Shaq-a-Roni pizza.

Nadeem Bajwa began his Papa Johns career as a delivery driver. Today, he owns 192 franchises and has his sights set on 500. This is the story of the American dream. It's Nadeem Bajwa's story, a Pakistani immigrant who came to the United States in 1991 for grad school.

Nearly a tenth of Papa John's pizza outlets in the UK are to close in an effort to boost company profits. A total of 43 of its 450 locations across the country have been found to be "low-performing" or "underperforming" and are said to no longer be financially viable.