Fatburger (USA) Unveils Expansion Plan for Middle East, Asia Pacific
15 Jan 2010 - Fatburger this week unveiled an elaborate international expansion strategy for 2010 and beyond in the Middle East and Asia Pacific.
"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."
Highlights of Fatburger's global expansion include:
In Saudi Arabia, 17 stores are planned, 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 totaling 30 stores were recently signed for Qatar, Egypt, Lebanon, Jordan, Syria and Oman;
In Dubai, Fatburger opened its first store in the region in 2008 in Dubai Mall at the base of the Burj Dubai, the world's tallest building and is opening its second store in early 2010. The company has unveiled plans to open six additional locations in the city;
In Asia Pacific, a Beijing store is presently under construction and will open in February. 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 Singapore; and
15 store additional deal for Canada on top of the existing 12 stores.
Fatburger currently boasts 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.
Fatburger is a quick-casual, takeout and sit-down restaurant serving big, juicy burgers custom made to guests' taste buds. The taste and quality of Fatburger inspires a fierce loyalty among customers that crosses all demographic lines, including Hollywood personalities and sports stars. For more than 55 years, Fatburger has been dedicated to serving big, fresh, 100 percent pure lean beef burgers custom made and grilled right in front of customers.
About Fatburger
Founded in Los Angeles, California in 1952, the Fatburger restaurant chain has 96 restaurants in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Michigan, Nebraska, Nevada, New Jersey, New York, Ohio, Washington and internationally in Canada, Dubai, Hong Kong, Macao and Jakarta. Fatburger currently operates 32 company owned restaurants with franchisees operating the remaining 64 locations. Based in Santa Monica, California, the company is actively seeking new franchisees for available territories in the United States and Internationally. Fatburger is a subsidiary of Fog Cutter Capital Group Inc. (OTCBB: FCCG).
Fatburger
