Casual Dining Group signs franchise deal with Rُelam Investment in UAE

November 5, 2018

UK-based restaurant brands operator Casual Dining Group (CDG) has signed a franchise deal with UAE-based conglomerate Rُelam Investment to operate its restaurant brands in the country.

As part of the deal, Rُelam Investment has received exclusive rights to operate Las Iguanas, Bella Italia and Oriel Grande Brasserie in the UAE with plans to open 11 restaurants over the next four years.

The deal will also confirm Rُelam Investment as the primary food and beverage partner for CDG in the region. Both companies are currently looking for high-profile locations in Dubai for the first restaurant.

Rُelam Investment chairman and managing director Sultan Ali Rashed Lootah said: “CDG specialises in creating unique and memorable customer experiences and we are confident there is significant demand for its brands across the UAE, as the taste for European cuisine rises.

“Finding the right franchise partner is crucial to ensuring our brand standards are met overseas.”

“The food scene across the UAE, particularly in Dubai, is vibrant and exciting at this moment in time and we are very much looking forward to working together on this new partnership.”

According to the company, the partnership marks the first franchise agreement for its Oriel Grande Brasserie all-day restaurant concept.

The brand currently operates three locations at airports and offers a French-inspired menu paired with selected drinks.

Other brands will offer British-inspired menu items and will serve a range of specially created mocktails.

Casual Dining Group CEO Steve Richards said: “Finding the right franchise partner is crucial to ensuring our brand standards are met overseas. Naturally, we are delighted to work with Relam Investment, who know how to run exceptional venues and understand our business.

“We look forward to working closely together over the next four years to grow their estate and will take momentum from this deal as we seek out new opportunities for our brands across the globe.”

CDG currently has franchise agreements in Saudi Arabia, South Africa and Ireland. The restaurant operator is also exploring further franchising opportunities in Asia, Europe and North Africa.

Source: Verdict Foodservice

Double franchise deal for Smith Cooper

June 6, 2018

Smith Cooper’s corporate finance division has completed two franchise deals in the south of England.

The first deal saw London-based independent pizza delivery business, KMP Taste, one of the UK’s largest Pizza Hut franchises, sold to private investors in a deal project managed by Smith Cooper.

The sellers were three brothers from the London-based Patel family, private shareholders with a variety of business interests. The buyer was Zaf Holdings, a newco set up by Arif Jivraj, a private investor with wide-ranging expertise in franchised food retail.

Smith Cooper corporate finance partner, John Farnsworth, said: “This transaction, involving nearly 30 stores and over 500 employees, breaks size records for a UK Pizza Hut deal, certainly in recent history. We are privileged to have worked with the Seller for some years before the sale process began, during which time they built a large, market-leading and profitable business.”

The second deal was the sale of south-east based Costa Coffee franchise operator, Cats Eye Trading, which was sold to an experienced franchise entrepreneur in a deal initiated and project managed by Smith Cooper.

Cats Eye Trading  operates a cluster of Costa Coffee franchise stores in high street locations in Surrey. The seller was private shareholder, Ian King, whilst the buyer was Kashgroup Trading, owned by experienced entrepreneur Kash Jaffar, an operator of Budgens and Pizza Hut Delivery franchises.

Farnsworth added: “We are delighted to have secured a successful exit for Ian King who has had 12 years in the Costa system. In this time, Cats Eye built an excellent reputation for high operating standards and customer care. The acquisition forms a strong platform for expansion for the Kashgroup Trading, which is a new entrant to the Costa brand.”

Source: The Business Desk