ATLANTA-Thursday, December 14th 2017 [ AETOS Wire ]
(BUSINESS WIRE)-- Arby’s Restaurant Group, Inc. (ARG) today announced a development agreement with Vantage Egypt for Tourism and Entertainment (Vantage Egypt) to build 50 new Arby’s restaurants in Egypt. The new restaurants will begin to open in 2018.
Vantage Egypt has more than a decade of experience owning and operating several restaurant concepts and international brands throughout Egypt.
“We are excited to welcome Vantage Egypt in to the Arby’s family and look forward to working with them,” said Paul Brown, Chief Executive Officer of ARG. “They are experienced restaurant operators who will do a fantastic job expanding our brand throughout Egypt.”
“I am very happy about working with a great, successful brand like Arby’s,” said Mohamed Halawa, Owner of Vantage Egypt. “We are very determined to make Arby’s one of the most successful restaurant concepts in the Egyptian Market.”
This agreement will add to Arby’s growing footprint in the region, where the brand is also opening new restaurants in Kuwait and Saudi Arabia through its franchisee, Kharafi Global.
Through the end of 2016, Arby’s global system achieved six consecutive years of positive same-store sales growth. Since 2013, the brand’s global system sales have grown 20 percent to $3.7 billion.
Arby’s, founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,300 restaurants in seven countries. The brand is headquartered in Atlanta, Ga. For more information, visit Arbys.com.
With its current growth and momentum, Arby’s is actively seeking new franchisees. To learn more about available markets and requirements, visit ArbysFranchising.com.
About Vantage Egypt
Vantage Egypt for Tourism and Entertainment was founded in 2006 by Mohamed Halawa. The company owns and operates several restaurant concepts and international brands in Egypt including Papa John’s Pizza. Vantage Egypt is a subsidiary of Halawa Group, founded in 1995, one of the largest dairy producers in Egypt, with over 6,000 employees.
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Arby’s Restaurant Group, Inc.
Matt Baker, +16785145103
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