SPARTANBURG, S.C. (AP) — Denny’s has signed a franchise deal
with Advance Investment LLC to develop 30 of its restaurants in the
Middle East over the next 10 years.
The restaurant operator said
Tuesday that Advance Investment, an affiliate of Food Quest Restaurant
Management LLC, will have exclusive rights to open Denny’s restaurants
in the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait,
Egypt, Lebanon, Iraq and Jordan. The first such restaurant is expected
to open in the UAE in 2015.
Denny’s Inc. President and CEO John
Miller said in a statement that this is the company’s first major
expansion in the Middle East. Denny’s opened its first international
restaurant in Acapulco, Mexico in 1966. The company now has nearly 1,700
restaurants worldwide.
Denny’s shares finished at $6.91 per share on Monday.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
SPARTANBURG, S.C. (AP) — Denny’s has signed a franchise deal
with Advance Investment LLC to develop 30 of its restaurants in the
Middle East over the next 10 years.
The restaurant operator said
Tuesday that Advance Investment, an affiliate of Food Quest Restaurant
Management LLC, will have exclusive rights to open Denny’s restaurants
in the United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait,
Egypt, Lebanon, Iraq and Jordan. The first such restaurant is expected
to open in the UAE in 2015.
Denny’s Inc. President and CEO John
Miller said in a statement that this is the company’s first major
expansion in the Middle East. Denny’s opened its first international
restaurant in Acapulco, Mexico in 1966. The company now has nearly 1,700
restaurants worldwide.
Denny’s shares finished at $6.91 per share on Monday.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.