Friday 6th May 2011
|Text too small?|
BurgerFuel is moving into another Middle East market, with the sale of a master licence agreement for the burger chain in Iraq.
In a statement today headlined "BurgerFuel To Invade Iraq", the company said the first store in the country would open in Sulaymaniyah in Iraqi Kurdistan.
The Iraqi consortium which had bought the rights for BurgerFuel in Iraq also owned 50% of Iraq's North Bank financial institution, as well as 50% of Pepsi Iraq, BurgerFuel said.
BurgerFuel chief executive international markets Chris Mason, who is based in Dubai, said Iraq posed new challenges, but early establishment would allow time for the company to eventually open a number of restaurants there.
BurgerFuel Worldwide chief executive Josef Roberts said the company sought to take advantage of its non-American, pure New Zealand positioning wherever it could.
The company is already operating in Saudi Arabia and Dubai.
No comments yet
Property for Industry Limited (NZX: PFI) Strong Valuation Outcome, Penrose Acquisition
3rd December 2021 Morning Report
Fonterra Shareholders Fund (NZX: FSF) Fonterra provides Milk Price, earnings and Q1 update
Kiwi Property Group Limited (NZX: KPG) Signs Sale and Purchase Agreement with IKEA
2nd December 2021 Morning Report
The New Zealand Refining Company Limited (NZX: NZR) Launches Share Purchase Plan
Seeka Limited (NZX: SEK) Confirms Market Guidance
Australia and New Zealand Banking Group Limited (NZX: ANZ) Acknowledges Class Action Proceedings
1st December 2021 Morning Report
Livestock Improvement Corporation Limited (NZX: LIC) Appoints New Chief Executive