Fatburger looking to further expand internationally
Last month, the Fatburger franchise announced its international expansion
strategy for 2010 and beyond in the Middle East and Asia
"Despite the recent downturn in the domestic economy, the international market is on fire," said Andy Wiederhorn, Chairman, Fatburger. "The Middle East and Asia Pacific are becoming exciting territories for us. Our current locations in these regions have been extremely well received. We are committed to serving our customers abroad by rapidly growing the number of our locations from 16 to 56 stores."
According to the information provided, 17 stores are planned in Saudi Arabia, with a first location scheduled to open in 2010 in Riyadh. Five new stores are scheduled in Kuwait with construction underway now in Kuwait City for its first opening in 2010. Deals for 30 stores were recently signed for Qatar, Egypt, Lebanon, Jordan, Syria and Oman and a further six locations are planned for Dubai.
Furthermore, in the Asia Pacific region, a Beijing store is presently under
construction and will open this month. Currently locations are open in Macao,
Hong Kong and Jakarta with additional locations planned for these cities,
including seven more stores for Indonesia and three for
Fatburger currently has 16 locations outside the United States, in Canada, the Middle East and Asia Pacific, with plans to open over 40 more locations internationally over the next several years. (kbp)