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Dominos
Street123
Dominos Street
USA
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kiranmai
An Individual

Contact Person

Kiranmai P

Contact Email

kiranmaidotwork@gmail.com

Tags

Food, Bestserve

In , Tom Monaghan and his brother, James, took over the operation of DomiNick's, an existing location of a small pizza restaurant chain that had been owned by Dominick DeVarti, at  Cross Street (now  West Cross Street) in Ypsilanti, Michigan, near Eastern Michigan University. The deal was secured by a $ down payment, then the brothers borrowed $ to pay for the store. The brothers planned to split the work hours evenly, but James did not want to quit his job as a full-time postman to keep up with the demands of the new business. Within eight months, James traded his half of the business to Tom for the Volkswagen Beetle they used for pizza deliveries.

By , Tom Monaghan had purchased two additional pizzerias; he now had a total of three locations in the same county. Monaghan wanted the stores to share the same branding, but the original owner forbade him from using the DomiNick's name. One day, an employee, Jim Kennedy, returned from a pizza delivery and suggested the name "Domino's". Monaghan immediately loved the idea and officially renamed the business Domino's Pizza, Inc. in .

The company logo originally had three dots, representing the three stores in . Monaghan planned to add a new dot with the addition of every new store, but this idea quickly faded, as Domino's experienced rapid growth. Domino's Pizza opened its first franchise location in  and by , the company had expanded to  stores.In , Domino's faced a lawsuit by Amstar Corporation, the maker of Domino Sugar, alleging trademark infringement and unfair competition. On May , , the Fifth Circuit Court of Appeals in New Orleans found in favor of Domino's Pizza.

In , after  years of ownership, Domino's founder Tom Monaghan announced his retirement, sold  percent of the company to Bain Capital, Inc. for about $ billion, and ceased being involved in day-to-day operations of the company. A year later, the company named Dave Brandon as its CEO.

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