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Arby's moving into Middle East

For the first time in six years, Arby's is making a move internationally, signing an agreement to open 25 Arby's restaurants in Kuwait and Saudi Arabia in the next seven years.

The international franchise development agreement was signed with Kharafi Global on the heels of a very active year of development for the chain, which opened 69 restaurants in 2015, and plans to open 138 units this year. 

“We welcome Kharafi Global and their experienced restaurant development and operations team into the Arby's family and have the utmost confidence in their success,” said Arby's CEO Paul Brown. 

Kharafi Global Managing Director and Co-Founder Haidar Al Naqeeb said the company was thrilled to bring the brand to Kuwait and Saudi Arabia.

"With Arby's continued strong sales performance, outstanding leadership and robust menu of delicious, fast crafted products, we believe the future for Arby's is incredibly bright," he said.
 
Arby's executives have said that they expect the chain to achieve more than $4 billion in total systemwide same-store sales in the next two years. A news release this week said that the financials for the company indicate they are on track to achieve that goal.

Already this year, the brand announced a 5.8 percent increase in the first quarter of 2016, which is more than double a representative sample of the larger quick-serve chains, according to the news release. 

Stay tuned to QSRweb.com in the coming days for a one-on-one interview with Arby's CEO Paul Brown. 

 


Topics: Business Strategy and Profitability, Financial News, Food & Beverage, International Franchising


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