Papa Murphy’s to divest stake in Project Pie

Papa Murphy’s to divest stake in Project Pie

Company to focus on growing take-and-bake pizza brand

Papa Murphy’s Holdings Inc. plans to divest its interest in the fast-casual Project Pie chain to focus on its primary Take ’N’ Bake Pizza brand, the company said Wednesday.

The Vancouver, Wash.-based company, which operates and franchises 1,476-unit Papa Murphy’s Take ’N’ Bake Pizza, holds a 40-percent interest in Project Pie, along with the call rights option of increasing that investment. Carlsbad, Calif.-based Project Pie has 18 units, with another five locations scheduled to

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