for about $1 billion, and ceased being involved in day-to-day operations of the company. In 1998, after 38 years of ownership, Domino's founder Tom Monaghan announced his retirement, sold 93 percent of the company to Bain Capital, Inc. On May 2, 1980, the Fifth Circuit Court of Appeals in New Orleans found in favor of Domino's Pizza. In 1975, Domino's faced a lawsuit by Amstar Corporation, the maker of Domino Sugar, alleging trademark infringement and unfair competition. Domino's Pizza opened its first franchise location in 1967 and by 1978, the company had expanded to 200 stores. 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. The company logo originally had three dots, representing the three stores in 1965. Monaghan immediately loved the idea and officially renamed the business Domino's Pizza, Inc.

One day, an employee, Jim Kennedy, returned from a pizza delivery and suggested the name 'Domino's'. Monaghan wanted the stores to share the same branding, but the original owner forbade him from using the DomiNick's name. īy 1965, Tom Monaghan had purchased two additional pizzerias he now had a total of three locations in the same county. Within eight months, James traded his half of the business to Tom for the Volkswagen Beetle they used for pizza deliveries. 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. The deal was secured by a $500 down payment, then the brothers borrowed $900 to pay for the store. In 1960, 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 507 Cross Street (now 301 West Cross Street) in Ypsilanti, Michigan, near Eastern Michigan University. Domino's has stores in over 83 countries and 5,701 cities worldwide. As of 2018, Domino's had approximately 15,000 stores, with 5,649 in the United States, 1,500 in India, and 1,249 in the United Kingdom.

The corporation is Delaware-domiciled and headquartered at the Domino's Farms Office Park in Ann Arbor Township, near Ann Arbor, Michigan. Founded in 1960, the chain is owned by master franchisor Domino's Pizza, Inc. Domino's is an American multinational pizza restaurant chain.

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