Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Last month, the firm informed that its first-quarter net income had escalated by 19% as revenue climbed at its restaurants. (Photo: Stock File/FIS)

Darden to open restaurants in Middle East

Click on the flag for more information about United States UNITED STATES
Thursday, October 21, 2010, 15:30 (GMT + 9)

Kuwait’s Americana Group will set up at least 60 restaurants run by the US-based Darden Restaurants over five years. The new deal represents Darden’s first venture into the Middle Eastern market.

Per the agreement, Americana Group will establish and operate regional Darden's Red Lobster, Olive Garden and LongHorn Steakhouse brands.

The Kuwaiti company will at first open 60 restaurants or more over the next five years in Bahrain, Egypt, Kuwait, Lebanon, Qatar, Saudi Arabia and the United Arab Emirates (UAE), reports Arabian Business.

"We've been exploring international expansion for some time now as part of our ongoing focus on additional growth opportunities,” said Clarence Otis, Chairman and CEO of Darden. “The Middle East is an attractive, growing market that has shown a strong affinity for American brands, especially American dining brands.”

"Darden remains committed to owning and operating its restaurants domestically. However we believe the best way for us to expand the reach of our portfolio internationally is by selecting the right partners, like Americana, with outstanding operations experience, local market knowledge, and the commitment to delivering our brands' experience with excellence," he added. 

Chairman of Americana Group Marzouk Al Kharafi said the deal came in response to growing interest and demand for casual dining brands within the Middle East.

"Consumer demand for casual dining brands in the Middle East market has grown over the past decade, and we expect that growth to continue in the future. The addition of these three highly regarded brands to our portfolio enables Americana to build on its long legacy as the leading restaurant operator in the region," he elaborated, The Associated Press reports.

Publicly traded firm and Middle Eastern food service franchise operator Americana already operates franchises of fast food brands such as Pizza Hut, Krispy Kreme and Hardee’s, currently operating more than 1,200 restaurants  across 14 countries between the Atlantic Ocean and Caspian Sea.

Based out of Orlando, Darden, the world's largest full-service restaurant company, runs 1,800 restaurants across the US and Canada and generates over USD 7 billion in annual sales. The firm also owns the fashionable Capital Grille steakhouse chain.

Last month, the firm informed that its first-quarter net income had escalated by 19 per cent as revenue climbed at its restaurants. 

Additionally, Darden has franchised LongHorn Steakhouse restaurants in Puerto Rico and has a license agreement for 25 Red Lobster restaurants in Japan.

Darden's shares have jumped by 34 per cent from a year ago. 

Related articles:

- Crab prices and more weaken Red Lobster sales 
- Darden Restaurants ups 2010 outlook 
- Darden vows to promote seafood sustainability 

By Natalia Real
[email protected]
www.fis.com

 


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Oct 21, 17:00 (GMT + 9):
Fish Pool Salmon Price Status Report for week 43
Norway
Oct 21, 16:00 (GMT + 9):
Kongsberg Digital’s K-Sim® Fishery simulator wins the coveted SAFETY4SEA 2020 Training Award
Spain
Oct 21, 07:00 (GMT + 9):
PESCANOVA: The National Court rectifies and reduces the qualification of the sentence imposed on A. Paz-Andrade
Russian Federation
Oct 21, 06:00 (GMT + 9):
Federal Agency for Fishery information on salmon fishing
Norway
Oct 21, 06:00 (GMT + 9):
Continued increasing utilization of marine residual raw material
Chile
Oct 21, 05:00 (GMT + 9):
Rymar inaugurates 'Crustanic' industrial plant that uses shrimp and shrimp waste
Argentina
Oct 21, 02:00 (GMT + 9):
The Brazilian Current is changing and affects fishing
China
Oct 21, 01:10 (GMT + 9):
Other Media | Industrias Pesqueras: How to meet the demand for fish products of the Chinese population?
Norway
Oct 21, 01:10 (GMT + 9):
Other Media | SalmonBusiness: Police investigating two salmon frauds, as well as other several attempts
Norway
Oct 21, 01:00 (GMT + 9):
Other Media | The Fish Site:Why floating closed containment aquaculture could be dead in the water
United Kingdom
Oct 21, 00:50 (GMT + 9):
Other Media | fishfarmingexpert: Smoked salmon launches with plastic-free pack
European Union
Oct 21, 00:40 (GMT + 9):
Other Media | Fisker Forum: EU giving priority to cheap imported fish over sustainable EU production
Spain
Oct 21, 00:30 (GMT + 9):
Other Media | Alimarket: Fripozo goes online and opens a direct sales channel
Peru
Oct 21, 00:10 (GMT + 9):
Other Media | Industrias Pesqueras: Peru suspends hake extractive activity for seven days
Japan
Oct 21, 00:00 (GMT + 9):
Volumes and prices │ Sapporo Central Market | 2019-20



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Have you ever noticed the age of the fish you are eating?
Japan "How old is this fish?" Have you ever thought about it when you saw it at a supermarket? In everyday life, you rarely know the age of a fish. Regarding the lifespan of creatures living ...
On the shrimp season, the vision of Juan Pablo Basavilbaso from Iberconsa
Argentina Extending two weeks beyond the limit recommended by INIDEP, it comes to an end with few boats in activity and meager yields. A year full of complications, in which the freezer sector was the hardest h...
No capelin quota in the Barents Sea in 2021
Norway The capelin stock is well below the limit for the International Council for the Exploration of the Sea (ICES) to recommend a quota. It is the echo sounder registrations on the annual ecosystem cruise...
A Marine Protected Area in Malvinas-Falkland, South Georgia and South Sandwich
Argentina   Faced with the extraction of fishing resources and the exploration and exploitation of oil in the Malvinas by the United Kingdom of Great Britain and Ireland, the Argentine government should D...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER