Amrest plans massive expansion - in America
The company wants to continue the consolidation process of the US-based Applebee's Neighborhood Grill & Bar chain of restaurants. Currently AmRest controls 104 outlets under this brand, however it hopes to increase this figure several times over.
The main target is achieving annual revenues of $1 billion within several years. The plan seems ambitious as the acquired restaurants generated a turnover of $260 million over the past twelve months.
"We are becoming a global corporation," said Wojciech Mroczyński, from the company's board. In the meantime, starting next week on the Polish market AmRest will begin a call for over 11 percent of shares in competitor Sfinks, offering zł.19.41 per share.
Source: Parkiet (A.K.)
The main target is achieving annual revenues of $1 billion within several years. The plan seems ambitious as the acquired restaurants generated a turnover of $260 million over the past twelve months.
"We are becoming a global corporation," said Wojciech Mroczyński, from the company's board. In the meantime, starting next week on the Polish market AmRest will begin a call for over 11 percent of shares in competitor Sfinks, offering zł.19.41 per share.
Source: Parkiet (A.K.)
