Locked content AmRest revenues up by 20.5% in Q2

Listed restaurant operator AmRest recorded revenues of PLN 975 million in Q2 2016, which means an increase of 20.5 percent year-on-year, the company informed in a statement. The sales value of AmRest’s restaurants located in the CEE totaled PLN 536 million in Q2, 17.3 percent more than in Q2 2...

Locked content Amrest signs 2nd annex to Pizza Hut deal

WSE-listed restaurant chain operator AmRest has signed a second annex to heads of terms with Pizza Hut concerning holding a master franchise license for the next ten years in the CEE region as of October 1, the company said. The annex prolongs the validity of the deal until July 30. Should the two p...

Locked content Amrest signs annex to Pizza Hut deal

WSE-listed restaurant chain operator AmRest has signed an annex to heads of terms with Pizza Hut concerning holding a master franchise license for the next ten years in the CEE region as of October 1, the company said. The annex prolongs the validity of the deal until July 15. Should the two parties...

Locked content AmRest close to prolonging Pizza Hut franchise in CEE

WSE-listed restaurant chain operator AmRest has signed heads of terms with Pizza Hut concerning holding a master franchise license for the next ten years in the CEE region as of October 1, the company said. “In line with heads of terms, AmRest as a master franchise holder, will have a right to...

Locked content Amrest finalizes Germany’s Starbucks takeover

WSE-listed restaurant chain operator AmRest has finalized a deal with Starbucks Coffee Company to take over 144 Starbucks brand restaurants in Germany for €40 million, the company said in a filing. “In line with initial assumptions, Starbucks Deutschland has been renamed AmRest Coffee Deutschl...

Locked content AmRest secures €50 mln & PLN 100 mln extra financing

Restaurant operator AmRest Holdings amended its credit deal with banks Pekao, BZ WBK, BGŻ BNP Paribas and ING BSK, securing an extra €50 million tranche for M&A activity and increasing an existing revolving tranche by PLN 100 million, the firm said in a market filing. AmRest announced on April 2...

Locked content AmRest takes over Starbucks in Germany

WSE-listed restaurant chain operator AmRest has signed a deal with Starbucks Coffee Company to take over 144 Starbucks brand restaurants in Germany for an estimated €41 million, the company said in a filling. The deal will come into life on May 23 and the final price will be settled upon the finaliz...

Locked content AmRest wants to open 140 restaurants this year

Wrocław-based, international restaurant operator AmRest unveiled its plan to open some 140 restaurants this year, including launching the first Starbucks coffeehouse in Slovakia. The company set up 99 new outlets in 2015, the firm said. The company also said that it recorded a net profit of PLN 160....

Locked content AmRest revenues up by 14.8% in Q4

WSE-listed AmRest Holdings recorded revenues of PLN 918 million in Q4 2015, an increase of 14.8 percent y/y. The sales value of AmRest’s restaurants located in the CEE totaled PLN 558.3 million in Q4, 18.6 percent more than in Q4 2014. The company’s Russian restaurants’ revenues to...

Locked content AmRest leaves US

WSE-listed AmRest Holdings said it has liquidated operators of its La Tagliatella  restaurant chain in the US, the media reported. The last La Tagliatella restaurant was shut down in February. AmRest recorded revenues of PLN 861.1 million in Q3 2015, an increase of 12.5 percent y/y. AmRest is an int...