Industry News | November 8, 1999
Cinnabon Expands Into Japan, Philippines
Cinnabon has expanded its domestic and international presence since AFC Enterprises acquired the brand last October. In 1999, the company signed agreements to build 351 bakeries, 267 of which are located outside of the U.S. Other recent international agreements expand the brand to 9 countries in the Middle East, Caribbean, Canada, Thailand, Singapore, Vietnam, the United Kingdom and Venezuela.
"Cinnabon's great crave appeal and its world-wide market leadership has fueled this phenomenal demand," said Gregg Kaplan, president of Cinnabon. AFC has so much confidence in this all-important appeal that in this, its first year of ownership, more than 50 new Cinnabon locations will open in the U.S. and abroad.
Food & Beverage
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