US pizza chain Papa John’s International plans to make its return to Indian market in 2025, while many Western brands rethink their plans as inflation hits consumer spending.

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Papa John's shares dip after Wednesday's buyout buzz fades, despite reports of a $2B bid from Apollo and Irth Capital.

Apollo Global Management and Irth Capital Management have approached Papa John's International for a deal that would take the pizza chain private, two people familiar with the matter said Wednesday.

Shares of Papa John’s jumped Wednesday on the news that the pizza chain might be taken private.

Papa John's International (NASDAQ: PZZA) shot up in afternoon trading on reports that Apollo Management (APO) and a Qatari investment fund have made a bid for the pizza chain operator.

This has led some to speculate that Papa John's could be a take-private target, to allow for more improvements to be made away from the glare of public-market investors.

Papa John’s: Takeover Speculation Heats Up, but Stock Still Looks Cheap Report that Apollo could join buyout bid sparks jump in Papa John’s stock.