Pizza chains eye slice of each other's pie - Posted by Michael Fomkin

B.C.-based Panago moves into Ontario; Pizza Pizza targets Western Canada

 
KEITH MCARTHUR

 
FOOD AND BEVERAGE REPORTER

 
Canada's pizza industry is bracing for a pie fight, as two of the country's largest players expand into each other's turf.

 
Pizza Pizza Ltd., Canada's largest takeout and delivery chain, is planning to expand into Western Canada. And Panago Pizza Inc., the largest player in the West, opens its first restaurant today in Pizza Pizza's Toronto stronghold.

 
"It sounds like a fait accompli that they're both going to go into each others' backyard," said Chris Rankin, an analyst who covers Pizza Pizza Royalty Income Fund for Canaccord Adams.

 

B.C.-based Panago moves into Ontario; Pizza Pizza targets Western Canada
 
KEITH MCARTHUR
 
FOOD AND BEVERAGE REPORTER
 
Canada's pizza industry is bracing for a pie fight, as two of the country's largest players expand into each other's turf.
 
Pizza Pizza Ltd., Canada's largest takeout and delivery chain, is planning to expand into Western Canada. And Panago Pizza Inc., the largest player in the West, opens its first restaurant today in Pizza Pizza's Toronto stronghold.
 
"It sounds like a fait accompli that they're both going to go into each others' backyard," said Chris Rankin, an analyst who covers Pizza Pizza Royalty Income Fund for Canaccord Adams.
 
"It's a logical development. If you reach a place where you're pretty well built, that's what you have to do."