The collaboration between Smurfit Westrock and Papa Johns began in 2016, coinciding with the opening of the brand’s first franchise in Spain, on Madrid’s Serrano Street
The company also reported a net loss of US$26m in the quarter, down from a net income of US$132m in Q2 2024
Under the agreement, SWSC will deliver between 110 million and 150 million unique alphanumeric codes annually.
despite the substantial increase in revenue and earnings, the company’s net income margin slightly declined to 5.0%.
The closure will result in phased layoffs affecting 72 employees starting in June.