Wingstop, the award-winning chicken wing chain with more than 530 locations throughout the U.S. and Mexico, has signed a master development agreement to expand its international presence into Russia.
The agreement with Baxtor Limited is for 50 Wingstop restaurants to be opened throughout Russia over the next 10 years. The first location is expected to open in Moscow by the end of 2013.
Aurelian Global Holdings, an independent financial services boutique, served as the exclusive advisor on the agreement.
“We are thrilled to announce another international development milestone for Wingstop,” says Dave Vernon, chief development office at Wingstop. “Baxtor Limited is a very strong franchise group with a tremendous operations team, and Aurelian Global Holdings has a proven track record for developing brands overseas. They will make a perfect partner for developing the Winstop brand throughout Russia.”
Internationally, Wingstop currently has 14 locations open in Mexico, and a master agreement for 120 stores to be opened in the next decade.