Pizza Inn and New Franchise Partner Team Up to Bring Seven New Locations to Egypt
Rhea-AI Summary
Pizza Inn has announced a new multi-store Master Franchise Agreement with Al Ruwad Hospitality Services & Restaurants Management Group in Egypt. This partnership will bring seven new Pizza Inn locations to Egypt, with the first store set to open in Cairo during Q4 2024. The expansion marks a significant milestone in Pizza Inn's international growth strategy.
The agreement outlines plans to open two additional locations each year for the next three years across various Egyptian cities. These restaurants will offer Pizza Inn's signature menu, including pizzas, pasta dishes, wings, and Pizzerts®. This collaboration aims to establish Pizza Inn as a household name in Egypt, leveraging the brand's 65-year legacy as America's Hometown Pizza Buffet.
Positive
- Expansion into a new international market with seven planned locations in Egypt
- Partnership with an established local hospitality group for market penetration
- Scheduled opening of first location in Cairo by Q4 2024
- Planned opening of two additional locations each year for three years
Negative
- None.
News Market Reaction – RAVE
On the day this news was published, RAVE gained 1.71%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Iconic American Pizza Brand's Growth Marks Significant Milestone in Middle East's Culinary Landscape
DALLAS, TX / ACCESSWIRE / August 15, 2024 / Pizza Inn announced today a new multi-store Master Franchise Agreement partnership with Al Ruwad Hospitality Services & Restaurants Management Group in Egypt. The first Pizza Inn location is scheduled to open in Cairo during the fourth quarter of 2024 as part of a seven-store agreement.
This expansion marks another significant milestone for Pizza Inn's international growth strategy. Pizza Inn is one of the world's most recognized pizza brands, known for its commitment to bringing a unique blend of flavor, convenience and value to pizza lovers across the world since 1995.
"We are excited to announce our partnership with Pizza Inn for the Arab Republic of Egypt and have full confidence that together we will further establish the brand as a household name across Egypt," said Magdy Al Khazrjy, CEO of Al Ruwad Hospitality Services & Restaurants Management Group. "The team at Pizza Inn have been incredible partners throughout this process, and our shared commitment to excellence, passion for authentic pizza and dedication to creating memorable moments for our customers makes this collaboration special."
Following its first opening, Al Ruwad Hospitality Services & Restaurants Management Group plans to debut two additional locations each year for the next three years in cities across Egypt. The restaurants will offer Pizza Inn's signature menu of pizzas, pasta dishes, wings and famous Pizzerts®.
"Partnering with Al Ruwad Hospitality Services & Restaurants Management Group to bring Pizza Inn to an even larger audience in Egypt is a great honor," said Brandon Solano, CEO of RAVE Restaurant Group. "We are confident Al Ruwad Hospitality Services & Restaurants Management Group will bring our brand to life as we bolster our presence in the Middle East and introduce Pizza Inn to new markets - serving up our something-for-everyone menu with the level of quality that has made us America's Hometown Pizza Buffet and a family favorite for more than 65 years."
To find the Pizza Inn nearest you or for more information on the entire menu, visit pizzainn.com.
About Pizza Inn
Since 1958, Pizza Inn's popular pizza buffet and friendly service have solidified the brand as America's Favorite Hometown Pizza Buffet. Unlike your typical buffet, Pizza Inn built a reputation for using house-shredded
About RAVE Restaurant Group, Inc.
Dallas-based RAVE Restaurant Group [NASDAQ:RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company owns, franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-shredded
Contact Information
Jay Brasher
Senior Publicist
jbrasher@championmgt.com
806-437-9583
SOURCE: RAVE Restaurant Group, Inc.
View the original press release on newswire.com.
FAQ
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