ADVERTISEMENT
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions
Wednesday, October 4, 2023
No Result
View All Result
NEWSLETTER
Cayman Marl Road
  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Video game convention in Cayman this weekend

    Video game convention in Cayman this weekend

    Caymanian Matt Brown puts on new comedy show

    Caymanian Matt Brown puts on new comedy show

    Miss Universe removes upper age limit

    Miss Universe removes upper age limit

    Love & Hip Hop star fired after calling Spice ‘monkey’

    Love & Hip Hop star fired after calling Spice ‘monkey’

    Jimmy Buffett, ‘Margaritaville’ singer, dies

    Jimmy Buffett, ‘Margaritaville’ singer, dies

    Reggae artist Queen Ifrica accuses dad of rape

    Reggae artist Queen Ifrica accuses dad of rape

    Bob Barker, host of ‘The Price is Right,’ dies at 99

    Bob Barker, host of ‘The Price is Right,’ dies at 99

    Hollywood actors and writers strike

    Hollywood actors and writers strike

    Caymanian Jazz Pitcairn’s work nominated for Emmy award

    Caymanian Jazz Pitcairn’s work nominated for Emmy award

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    Dr. Sook Yin retires after 36 years of serving Cayman

    Dr. Sook Yin retires after 36 years of serving Cayman

    Health Ministry names incoming Chief Medical Officer

    Pharmacy Bill consultation opens

    Public Health unveils Stage 2 vaccination plan

    COVID-19 policy discontinued

    Health Services announces closures

    Accident & Emergency entrance to temporarily relocate

    First local dengue case confirmed

    First local dengue case confirmed

    Government  approves blood donor eligibility change   

    Government  approves blood donor eligibility change  

    RUMOR: Dengue Fever in Cayman?

    Dengue fever reaches Cayman

    Accident & Emergency walk-in entrance now accessible

    A&E and Urgent Care Clinic temporarily relocate this weekend

    Food Hygiene training resumes this week

    Food Hygiene training resumes this week

    Health Ministry names incoming Chief Medical Officer

    CMO issues guidance on possession and use of Cannabinol

    Trending Tags

  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Video game convention in Cayman this weekend

    Video game convention in Cayman this weekend

    Caymanian Matt Brown puts on new comedy show

    Caymanian Matt Brown puts on new comedy show

    Miss Universe removes upper age limit

    Miss Universe removes upper age limit

    Love & Hip Hop star fired after calling Spice ‘monkey’

    Love & Hip Hop star fired after calling Spice ‘monkey’

    Jimmy Buffett, ‘Margaritaville’ singer, dies

    Jimmy Buffett, ‘Margaritaville’ singer, dies

    Reggae artist Queen Ifrica accuses dad of rape

    Reggae artist Queen Ifrica accuses dad of rape

    Bob Barker, host of ‘The Price is Right,’ dies at 99

    Bob Barker, host of ‘The Price is Right,’ dies at 99

    Hollywood actors and writers strike

    Hollywood actors and writers strike

    Caymanian Jazz Pitcairn’s work nominated for Emmy award

    Caymanian Jazz Pitcairn’s work nominated for Emmy award

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    Dr. Sook Yin retires after 36 years of serving Cayman

    Dr. Sook Yin retires after 36 years of serving Cayman

    Health Ministry names incoming Chief Medical Officer

    Pharmacy Bill consultation opens

    Public Health unveils Stage 2 vaccination plan

    COVID-19 policy discontinued

    Health Services announces closures

    Accident & Emergency entrance to temporarily relocate

    First local dengue case confirmed

    First local dengue case confirmed

    Government  approves blood donor eligibility change   

    Government  approves blood donor eligibility change  

    RUMOR: Dengue Fever in Cayman?

    Dengue fever reaches Cayman

    Accident & Emergency walk-in entrance now accessible

    A&E and Urgent Care Clinic temporarily relocate this weekend

    Food Hygiene training resumes this week

    Food Hygiene training resumes this week

    Health Ministry names incoming Chief Medical Officer

    CMO issues guidance on possession and use of Cannabinol

    Trending Tags

No Result
View All Result
Cayman Marl Road
No Result
View All Result

Papa Johns evicted from Grand Harbour

Cayman Franchise closing

by CMR
March 05, 2023 - Updated on March 06, 2023
in Business
0
Papa Johns evicted from Grand Harbour
214
SHARES
Share on FacebookShare on TwitterShare on Whatsapp

(CMR) Papa Johns Cayman is shutting down after the landlord has taken full possession of the location at Grand Harbour, including all of its contents. Allegations of a history of non-payment of rent have led to the property management firm, BCQS, placing a notice on the door dated March 1, 2023.

The parent company Island Pizza Holdings Ltd. T/A Papa Johns entered into a lease agreement with Cayman Grand Harbour Shoppes Ltd. on March 6, 2018, for a term of five years. According to the Notice to Quit, also published on the door, the lease terms were from November 1, 2017, and expired on October 31, 2022.

After the expiration of the lease, the tenant contained to occupy the premises based on a periodic tenancy, pursuant to s. 52 of the Registered Land Law (2018) provision. However, the landlord was demanding vacant possession of the property from March 1. The notice was dated January 31.

CMR sources have revealed that the Queen's Court locations have also issued legal notices against a backdrop of late rental payment history. It may not be long before they are evicted from that location either.

On Monday, CMR contacted the company's communications team in Jamaica, who initially promised a response within two days to all media in the Cayman Islands. However, nothing was received. A follow-up message resulted in a brief statement with no real explanation:

“We can confirm that the two franchise-owned Papa Johns restaurants in the Cayman Islands market will be closed this year. We’re grateful to all of our loyal customers in the Cayman Islands and hope to reopen in this market in the future with another franchise partner.”

Harrison Sheffield, Sr. Communications Manager

Sheffield made no mention of the Grand Harbour location being shuttered and commandeered by the property managers. He also makes no mention of when the closures were planned for.

In February 2019, SSL Growth Equity Limited purchased a stake in Island Pizza Holdings. At the time, they claimed that there would be an expansion to a third location sometime later that year. That expansion never occurred. Their desire to grow also included “a kiosk in proximity to the cruise ship passenger boarding facilities” to take advantage of the tourism market. That also did not happen.

SSL was involved in a recent major fraud investigation in Jamaica as authorities moved quickly to prevent the liquidation of assets after it was revealed that 3 billion Jamaican dollars were missing from various accounts, including that of Olympic champion Usain Bolt. That matter is ongoing.

The investment was held in a special-purpose vehicle named SSL Capital (Cayman) Ltd. and was managed by regional manager Osvaldo Sazo. It appears that Sazo has since moved on from the franchise. According to their website, they still have Caribbean locations in the Bahamas, Dominican Republic and Puerto Rico.

However, further research revealed that the Bahmas location closed in June 2020.

This is not the first time the franchise had issues. In September 2018, it was revealed that 51 locations had closed after some ongoing controversy involving its founder. Sales in North America declined by 9.8% and internationally by 3.3%. Founder and then-CEO John Schnatter came under scrutiny after criticizing the NFL's handling of national anthem protests.

He eventually resigned after numerous critics came forward to discuss his sexually inappropriate conduct and toxic work environment, which included using the N-word.

Post covid, the Louisville, KY-based pizza chain struggled with staff shortages.

Related posts:

Jamaican company buys 36 units in Grand Harbour complex
AL Thompson's buys Cox Lumber
CUC seeks qualified natural gas supplier
Deputy chair breaches permit law
Share your vote!


No, thanks.
How do you feel after reading this?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid
Tags: Cayman Grand Harbour Shoppes LtdPapa JohnsStocks and Securities Limited
CMR

CMR

Related Posts

Jamaican company buys 36 units in Grand Harbour complex

Jamaican company buys 36 units in Grand Harbour complex

by Renae Stampp
September 23, 2023
0

(CMR) Jamaican company Kingston Properties Limited announced that it has purchased 36 units in the Grand Harbour Commercial Centre along...

AL Thompson’s buys Cox Lumber

AL Thompson’s buys Cox Lumber

by Renae Stampp
September 15, 2023
0

(CMR) Effective today, 15 September, Cox Lumber Ltd. has been purchased by A. L. Thompson’s and will join the A....

Premier calls for diversity and inclusion on Government-appointed bodies

Premier: Cayman is not broke

by Renae Stampp
September 12, 2023
0

(CMR) Premier of the Cayman Islands and Minister of Finance Wayne Panton said there is no plan to cut the...

CUC seeks qualified natural gas supplier

CUC seeks qualified natural gas supplier

by Renae Stampp
September 7, 2023
0

(CMR)  In an effort to reduce the cost of energy production and reduce carbon emissions, the Caribbean  Utilities Company, Ltd...

Deputy chair breaches permit law

Deputy chair breaches permit law

by CMR
August 31, 2023
0

(CMR) The Deputy Chair of the Business Staffing Plan Board has been called into disrepute after at least one of her...

Interest in Cayman Insurance Industry remains strong

Interest in Cayman Insurance Industry remains strong

by Renae Stampp
August 30, 2023
0

(CMR) The Cayman Islands Monetary Authority (CIMA) recently released licensing statistics for the second quarter of 2023, which demonstrate the...

Next Post
Armed men rob pregnant woman on Town Hall Road

Shot fired during armed robbery in George Town

Recent News

National E-Basketball team to take on USA, Puerto Rico and DR

National E-Basketball team to take on USA, Puerto Rico and DR

October 4, 2023
TCHT: Hopeful times for RCIPS

TCHT: Hopeful times for RCIPS

October 4, 2023
Dr. Sook Yin retires after 36 years of serving Cayman

Dr. Sook Yin retires after 36 years of serving Cayman

October 4, 2023
J’ca students rushed to hospital after eating ganja sweets

J’ca students rushed to hospital after eating ganja sweets

October 4, 2023
Customs Declaration App available for Postal Services 

Customs Declaration App available for Postal Services 

October 4, 2023
Premier calls for diversity and inclusion on Government-appointed bodies

Premier: new level of criminal threat must be aggressively confronted

October 4, 2023
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved

No Result
View All Result
  • Home
  • Ask The Marl Road
    • Consumer Protection
      • Scammers
  • Breaking News
  • Business
    • Finance
  • Cayman Crime Watch
  • Cayman Small Business
  • Cayman Wellness
  • Cayman’s Youth
  • Celebration of Life
  • Community Notices/Events
    • Accidents
    • Police
    • Weather
  • Consumer Protection
    • Scammers
    • COVID-19
    • What would you do?
  • CMR Videos
    • The Cold Hard Truth
    • Cayman Voices
  • Court Cases
    • Civil
    • Criminal
  • Election 2021
  • Entertainment
    • Events
    • Music
  • Events
  • Family
    • Education
    • Fury Friends
  • Government
    • Road Closures
  • Investigative Reports
  • Legal Notices
  • Lifestyle
    • Food
    • Health
    • Medical Experts
  • Live Show
  • News Roundup
  • Opinions
    • Polls
    • Cartoons
  • Politics
    • Parliament
  • Regional News
  • Rumor Has It
  • Science
  • Social Media Happenings
    • Jackass of the Day!
    • Lost & Found
  • Sports
  • Tech News
  • Weird & Unusual News
  • World News
  • Sponsored Content

Copyright © 2023 CMR Cayman's Premier News Source - All Rights Reserved