Giant pizza chain pulls out of Italian market

STORY: Giant pizza chain pulls out of Italian market DATELINE: March 25, 2023 LENGTH: 00:01:22 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of restaurants in Roma 2. various of people eating pizza STORYLINE: One of the world's largest pizza chains, the United States-based Domino's Pizza, has formally given up on its aspirations of gaining a foothold in the country that invented pizza. The company closed its last stores in Rome and Milan last year, and, according to media reports on Thursday, the company's Italian franchise partner, ePizza, has begun the process of liquidating the company's Italian assets in the hope of recovering at least part of the initial investments. The company's Italian website was no longer operating as of Thursday and its final posts on social media accounts date back to last year. Calls to ePizza went unanswered on Thursday, but when contacted by Xinhua, the U.S. press office of Domino's Pizza confirmed the media reports on the company's withdrawal from Italy.