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Dominos Pizza Essay

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Dominos Pizza Overview

Company: Domino's Pizza

Founded: In 1960 by Thomas S. Monaghan in Ypsilanti, Michigan.

Ownership: In December 1998, investors, including funds managed by Bain Capital Inc., a leading private equity investment firm, together with management and others, acquired a 93% stake in the Company, which was formerly owned by founder, Thomas Monaghan and his family.

Description: Domino's Pizza has been dedicated and committed to quality service, product and delivery excellence for more than 40 years, making it the world leader in pizza delivery. Domino's is the largest privately held restaurant chain, and the eighth largest of all restaurant chains in the world.

Products: Domino's Pizza offers Crunchy Thin …show more content…

The number of products offered by DPD continues to expand. Similarly, the ongoing demand for new technology and basic equipment is provided by DPD's Equipment & Supply division, which offers items such as make lines, crew uniforms and ovens as well as merchandise support for national promotional programs.

Industry: Pizza is a $30 billion per year industry. Approximately 3 billion pizzas are sold in the U.S. annually through 61,269 pizzerias. Each man, woman and child in America eats an average of 46 slices (23 pounds) of pizza a year. Pepperoni is America's favorite topping (36% of all pizza orders); approximately 251,770,000 pounds are consumed each year.

Inovations: Domino's HeatWave hot bags were introduced in 1998. Each heated hot bag contains a patented heating mechanism warmed via electricity. Once unplugged, this technology keeps the pizza oven-hot during a normal delivery. The outer material of the bag is made with water-repellent nylon rather than the vinyl material previously used. Inside the bag is 3M Thinsulate insulation, which eliminates unwanted moisture, keeping the pizzas both hot and crisp.

To allow Domino's stores to concentrate on making and delivering pizzas, Domino's developed a central commissary system. This relieves stores from long hours making dough, grating cheese and preparing toppings.

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