Industry News | June 12, 2007

Chester's Signs Deal for Middle East

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Chester’s International announced today that it signed a multi-unit franchise agreement with Alghanim Sons, a business development group with a focus in Kuwait and the surrounding Gulf Region. The agreement calls for 46 Chester’s locations to open across the Gulf Corporation Council Countries and Lebanon during the next five years.

Alghanim Sons is a business development group that partners with a variety of worldwide businesses including fashion retail, foodservice, logistics, the automobile industry, marine services, hypermarkets, and home furnishings. Alghanim Sons offers its partners their business expertise, local market knowledge, and financial capabilities in order to create and run successful businesses in the Gulf region.

“At Alghanim Sons we believe in developing partnerships with businesses focused on growth and profitability,” says Haidar Jaber, managing director at Alghanim Sons. “Chester’s commitment to a quality food product and our local business knowledge make this an ideal partnership.”

This multi-unit agreement with Alghanim Sons Group indicates progress in Chester’s aggressive growth strategy to further expand its franchise program across the globe. Alghanim Sons will open the first of 46 Chester’s in a prime real estate area in Kuwait City in December of 2007. The current plan allows for four stores to open during the first two years, and an average of 11 locations each year over the next three years.

“Our partnership with Alghanim Sons Group is a win-win for both parties,” says Ted Giles, CEO of Chester’s International. “Our high-quality foodservice program is a great match for Kuwait’s market and we are looking forward to opening these locations across the Gulf region.”