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  • Chanticleer Holdings, Inc. (HOTR) Has Firm Footing In European Market With Strategic Operating Partner 0 comments
    Sep 17, 2013 2:04 PM | about stocks: HOTR

    Chanticleer Holdings owns and operates Hooters® branded restaurants in emerging national markets with current franchise locations in South Africa, Australia, Europe, and a location in Brazil on deck for the near future.

    As part of the company's roll-out plan and focus on emerging markets, it retained the services of an experienced management group to head its European operations.

    In April 2012, Chanticleer acquired the franchise rights to develop and operate Hooters restaurants in Hungary. While the company will fund its ownership in this territory, it has partnered with a management group led by Alex Hemingway, a veteran of the quick-service restaurant (NYSE:QSR) industry, to operate Hooters franchises in Europe. As operating partners, Chanticleer and Hemingway have formed Crown Restaurants.

    Under this franchise agreement, Chanticleer owns an 80 percent stake in the restaurant while Hemingway owns the remaining 20 percent.

    The restaurant is in veteran hands - Hemingway is no rookie to the QSR or European markets. He has domestic and international executive management experience as owner and operator of the Pizza Hut and Kentucky Fried Chicken brands in Hungary, as well as three local national brands. His resume also boasts his role of chief executive of Orient Rt., Central Europe's largest restaurant company with more than 130 operating units in Budapest. He also founded and served as the director of the Fast Food Association of Hungary.

    As Chanticleer maps out its plans for expanding in additional markets, it estimates its opportunity in Europe to be three restaurants, which will also be managed by Crown Restaurants.

    For more information, visit ChanticleerHoldings.com

    Please see disclaimer on the MissionIR website


    Stocks: HOTR
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