Papa Murphy’s divests Project Pie stake

Papa Murphy’s divests Project Pie stake

Company to focus on core take-and-bake brand

Papa Murphy’s Holdings Inc. said Monday that its second-quarter results would include a $2.7 million write-down from divesting its interest in Project Pie LLC.

The Vancouver, Wash.-based operator of the Papa Murphy’s Take ’N’ Bake pizza chain said in May that it would divest its interest in the fast-casual concept, citing its recent performance and a decision to concentrate on its core business.

“We have generated strong operating momentum over the last few years, and

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