Domino.com is closing its pizza empire, and the pizza brand will move to a new franchise.
The chain has a “major, significant impact” on the pizza industry, its chairman and CEO, John Mullins, said in a statement released Wednesday.
Domino Pizza has been operating under a new name for years, and its parent company is going through a transition of ownership.
Mullins, who has served as chairman of the company for more than two decades, said Domino is moving to a brand new franchise in Washington, D.C., that will allow it to focus on serving more customers.
It will also provide Domino with more revenue and better growth, Mullins said.
He added that the move will bring more people to Domino than ever before, including people from other companies.
The announcement came after a $1.5 billion deal was struck with Pizza Hut, the largest pizza chain in the world.
That deal, which will see Pizza Hut and Domino take a majority stake in Domino, is expected to close in March.
The company’s last pizza restaurant opened in 1996, when it was based in Los Angeles.
It moved its headquarters to New York City and opened stores in Washington and New York.
In 2018, it announced it was closing all of its locations in Washington.