83-Year-Old Pizza Billionaire Jack Cowin Returns to Save Domino's Franchise

Jack Cowin, an 83-year-old billionaire, is returning to save Domino's Pizza Enterprises, the largest franchisee outside the US, after its stock plunged 88% from its peak four years ago due to rising costs and competition. Cowin, who built a fast-food empire in Australia, will take a hands-on approach as interim executive chairman and is set to post annual results on August 27. Analysts expect a drop in revenue and profit. Cowin's stake in the firm is part of his $3.2 billion fortune.