In 1960, brothers Tom and James Monaghan bought a location of “DomiNick’s” in Ypsilanti from Dominick DiVarti, funding their venture with a $900 loan. James sold out his share of the business to Tom in 1961, trading it for a 1959 Volkswagen “Beetle.” Tom began to expand the business very quickly. In 1965, Monaghan changed the company’s name to Dominos, when DiVarti wouldn’t let him use the old name on the new outlets. In 1975, Domino’s introduced its corporate logo, a red domino flush against two blue rectangles. By 1985 the firm had become the fastest growing pizza change in the United States. In 1998 Monaghan sold the company to Bain Capital, for about $1 billion dollars.
