Subway (US) Franchise Operator Says Planning Gulf Retail Expansion
20 Feb 2018 - YYT Food Corporation, which is the F&B franchise operator for sandwich giant Subway in the Middle East, has announced new expansion plans across the region.
Operating across the GCC, the company said it expects to open 19 new locations by the end of the year.
YYT Food Corp said it will achieve a new benchmark of 165 branded restaurants in the region, with an aim to increase its commitment to employment by 20 percent.
Owned by Global Capital Management, a subsidiary of Kuwait-based Global Investment House, YYT Food Corp operates established international brands including; Vanellis, Pad Thai, Teriyaki, Subway, Al Mangal Express, Tandori and Menchie’s Yum Yum Tree Brand.
M Zakir H Rizvi, chairman of YYT Food Corp, said: "We are proud of our acquisition of the business and steps towards transformation and growth. Global is looking to position YYT Food Corp as an emerging F&B platform."
The company said it aims to double in size - stores and revenue - by 2019.
Eoin Moore, CEO for YYT Food Corp, added: “We will continue to develop our brand strategy, while focusing on our core values of creating everyday food with fresh ingredients and vibrant energy for our customers."