The owner of a Bulgarian QSR chain, Aladin Foods, says the chain will open its first store in Romania. Khaled Kharfan says his chain’s expansion program will kick off in Bucharest with three other towns to follow, including the border city of Giurgiu.Two new restaurants will be opened in Romania in partnership with the Kaufland chain of stores. Aladin…
Private-equity houses Abraaj Group and TPG Capital have signed a deal to buy a majority stake in Kudu, the Saudi Arabian QSR chain. Kudu, a family-owned company established in 1988, is the largest QSR chain in the kingdom, with more than 200 outlets. Famous for its burgers and breakfasts, the Riyadh-based chain is estimated to…
Wendy’s is about to make a big impression on the Middle East and North Africa. Kuwait-based Alghanim Industries has acquired the rights to develop the U.S. burger chain’s restaurants across the MENA region from Saudi-based Alamar Foods, a company owned by Al Jammaz Group and Carlyle Group. The company did not disclose the value of…
T&S Brass and Bronze Works has opened a new Shanghai production and distribution facility located at No. 43 Jinwen Road, Zhuqiao Town, Pudong New District, Shanghai. “We literally outgrew our current space,” says Pat Cotter, General Manager of the Shanghai operation. “Our manufacturing and office areas were too small in the WGQ Free Trade Zone,…
In our January issue of Worldwide Report, we reported that Britain’s Las Iguanas planned to open 100 units across its home country. Now it appears that the Latin-themed chain, which has 39 restaurants across England, Scotland and Wales, is looking for new owners. Las Iguanas’ private-equity owners at Bowmark Capital hired advisers last year to run a…
The shine on three of the four so-called BRIC countries—Brazil, Russia, India and China—has dulled the past few years, as has economic growth in emerging markets as a whole. India is the only one of the four forecast to see growth accelerate this year. The Int’l. Monetary Fund just reduced its forecasts for emerging market…
Nine publicly reporting equipment and supplies companies based in the U.S. saw combined revenue growth slow to 2.7% in the fourth quarter of 2014 vs. the same quarter in 2013. It was the slowest quarter since the third quarter 2012 and follows four consecutive quarters during which growth exceeded 6.5%. The numbers are compiled for…
One hundred years on and there are more than 150,000 Bear Varimixers working away in bakeries and commercial kitchens in 70 countries around the world. The solid, hardworking mixer first was designed by Danish mechanic Palle Hoff Wodschow, who had the inspiration to create a mixer where the tools rotated in the bowl like planets…
MEIKO’s GreenEye technology is a lighting system on a dishmachine’s entry side that indicates to the operator where to load dirty ware to improve the machine’s capacity and save water, chemicals and other costly resources. The machine is able to detect gaps on the conveyor belt between dishware and/or baskets, only activating the rinse function…