Ruby Tuesday, Inc. Expands to Qatar
02 May 2017 - 11:00PM
Business Wire
Signs Development Agreement with Al Bairaq
Trading Import & Export Co. W.L.L. for Five Restaurants
Ruby Tuesday (NYSE:RT) today announced that the Company has
signed a development agreement with Al Bairaq Trading Import &
Export Co. W.L.L. to expand the brand’s presence into Qatar. The
Qatari-based franchise group, owned and operated by Alaa Subhi
Abbas, will open five restaurants in Qatar over the next five
years.
“International franchising provides a great opportunity for Ruby
Tuesday to strategically grow into new markets, leveraging the
knowledge and expertise of local area operators,” said Jim Hyatt,
President and Chief Executive Officer of Ruby Tuesday. “Our master
franchisee, NAC/Gourmania, is an experienced group and we are
pleased to welcome a new franchisee, Al Bairaq, to the Ruby Tuesday
family. We will continue to seek out new, highly qualified
operators who are able to strategically expand our great brand into
new regions internationally and thereby support our overall
business strategy.”
Al Bairaq Trading Import & Export Co. W.L.L. has significant
franchise experience as the exclusive franchisee for Aston Martin
and MG cars in the State of Qatar. The group is also the owner of
Aloosh Iraqi restaurant.
Alaa Subhi Abbas, CEO of Al Bairaq Trading Import & Export
Co. W.L.L. added, “We along with NAC and Gourmania are thrilled to
bring Ruby Tuesday, an iconic American brand, to Qatar. Over the
years, we have appreciated the strong desire of residents and
visitors alike for a place to gather and enjoy a meal and we’re
confident the concept will resonate well.”
National Arabic Company for Restaurant Management (NAC) and
Gourmania International, are part of Bukhamseen Group Holding Co.,
and are the master franchisee of Ruby Tuesday in the Middle East,
Africa and Central Asia. The group currently operates six Ruby
Tuesday restaurants in Kuwait and has a network of seven franchise
restaurants open in KSA (Jeddah), Egypt, UAE and Oman.
“We have seen great success operating Ruby Tuesday restaurants
in the Middle East, Africa and countries within Central Asia. We’re
honored to have the opportunity to continue expanding the Ruby
Tuesday brand to new regions through our franchisees like Al
Bairaq,” Mahmoud Mousavi, Director of Franchising & Real Estate
of Gourmania International.
Ruby Tuesday has exclusive multi-unit franchise opportunities
available for highly qualified operators in the MENA & Central
Asia and around the world. For more information please email
franchisewithus@rubytuesday.com or visit
https://rubytuesday.1851franchise.com/.
About Ruby Tuesday, Inc.
Ruby Tuesday, Inc. owns and franchises Ruby Tuesday brand
restaurants. As of February 28, 2017, there were 607 Ruby Tuesday
restaurants in 41 states, 14 foreign countries, and Guam. Of those
restaurants, we owned and operated 544 Ruby Tuesday restaurants and
franchised 63 Ruby Tuesday restaurants, comprised of 17 domestic
and 46 international restaurants. Our Company-owned and operated
restaurants are concentrated primarily in the Southeast, Northeast,
Mid-Atlantic, and Midwest of the United States, which we consider
to be our core markets. For more information about Ruby Tuesday,
please visit www.rubytuesday.com. Ruby Tuesday, Inc. is traded on
the New York Stock Exchange (Symbol: RT).
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version on businesswire.com: http://www.businesswire.com/news/home/20170502005837/en/
ICRMedia RelationsChristine Beggan,
203-682-8329RubyTuesday@icrinc.comorInvestor RelationsMelissa
Calandruccio, CFA, 646-277-1273RubyTuesdayIR@icrinc.com
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