NewsCovering Kentucky


Papa John’s Founder May Be Looking To Buy Back Company

Posted at 5:57 AM, Sep 27, 2018
and last updated 2018-09-27 07:40:06-04

LOUISVILLE, Ky. (CNBC)– A report released Wednesday suggests the disgraced founder of Papa John’s might be looking to buy back his own company.

According to CNBC, John Schnatter is reaching out to public equity firms in an effort to help him regain majority control of the company.

This, as sources say the pizza chain is actively talking to potential buyers. However, the process is still in its early stage and may not result in a sale.

The Louisville-based pizza giant came under fire this year after Schnatter admitted using a racial slur on a conference call.

He resigned as chairman of the company.