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Papa Johns announced Friday that it signed an agreement to open more than 1,350 stores in South China, making it the largest deal in company history and one of the biggest in the pizza industry overall.  The move, which is in partnership with Hong Kong-based private equity firm FountainVest Partners, extends into 2040 and would expand the chain's global unit count by 25 percent. In addition to opening those units, FountainVest also purchased a majority stake in Papa Johns franchisee CFB Group, which operates roughly 160 stores in Shanghai and across southern China. 

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