John Schnatter: Louisville Stadium Removes Papa John Name
Friday, 13 July 2018 John Schnatter's pizza company name will be removed from Louisville Stadium, University of Louisville president Neeli Bendapudi announced on Friday, one day after saying the school was considering its options regarding the naming rights to Papa John's Cardinal Stadium.
The week began with reports that Papa John’s founder Papa “John” Schnatter somehow worked an overt racial slur into a conference call with a marketing company. According to Deadspin, the news has prompted the removal of Schnatter’s name from virtually everything on which it had previously...
Business Insider reports that Papa John's stock dropped over 14% on Tuesday.
The drop came after a report indicated that Trian Fund Management was no longer interested in buying the company.
According to Business Insider, "Papa John's was plunging Tuesday afternoon following a report suggesting the private-equity firm Trian Fund Management is no longer interested in a deal." Their shares..
According to Business Insider, Papa John's missed on both the top and bottom lines, but its comparable sales slump was better than feared.
The pizza chain slashed the high end of its profit guidance,..