NI brothers sell slice of Domino’s for £62m

Two bothers from Northern Ireland whose company operates 34 Domino’s stores on both sides of the border have sold their pizza franchise for £62m.

Charles and Adrian Caldwell are majority owners of Shorecal Ltd which is being bought by Domino’s Pizza Group (DPG).

The Caldwells had also previously sold about a third of the business to the wealthy Canadian/US Bronfman family.

Charles Caldwell said: “Adrian and I are proud to have grown Shorecal over the years to create a strong business, delivering great products to customers across Ireland.

“We are delighted that DPG and the Shorecal team, led by chief executive George Bertram, will take the business forward and continue delivering outstanding service to our customers.”

DPG, which is listed on the London stock exchange, said the purchase was the first part of a growth plan.

Andrew Rennie, DPG chief executive, said: “We believe there is a significant opportunity for us in Ireland and we are now in an even stronger position to accelerate our growth, open new stores, and provide great service and great tasting products to our customers.

“I would like to personally thank Charles and Adrian Caldwell for all they have done to build the Domino’s brand in the Republic of Ireland and Northern Ireland.”