Bubba Gump Shrimp Co. Secures Franchise Agreement with Mubarak Al-Hassawi Restaurant Development Group.Deal for 12 Middle East units worth $50-60 million in projected revenue SAN CLEMENTE San Clemente (săn klĭmĕn`tē), city (1990 pop. 41,100), Orange co., S Calif., on the Pacific coast; inc. 1928. Camp Pendleton, a large U.S. marine base, adjoins the city, which is chiefly residential. , Calif. -- Bubba bub·ba n. Slang 1. Chiefly Southern U.S. Brother. 2. A white working-class man of the southern United States, stereotypically regarded as uneducated and gregarious with his peers. Gump Shrimp Co. Restaurants, Inc. recently signed a letter of intent to grant franchise rights to operate Bubba Gump restaurants with Mubarak Al-Hassawi Restaurant Development Group, a Middle-East-based, globally-renowned business organization. The Letter provides that the franchisee would open a minimum of 12 restaurants over the next several years in key Middle East cities including Dubai, Kuwait City and in other Gulf countries. The franchise agreement is expected to generate $50-60 million in systemwide revenue. "We are excited to be associated with Mubarak Al-Hassawi Restaurant Development Group. They are an important and strategic global partner with strong financial resources," said Scott Barnett, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bubba Gump Shrimp Co. The Mubarak Al-Hassawi Restaurant Development Group is comprised of several international companies that specialize in hospitality, real estate and industrial manufacturing. The company is well-known for its record of forward-thinking initiatives. Today, the group continues its traditions and keen business foresight (graphics, tool) Foresight - A software product from Nu Thena providing graphical modelling tools for high level system design and simulation. under the direction of its Board, including Ms. Fawzia Mubarak Al-Hassawi, President of Mubarak Al-Hassawi Restaurant Development Group. "Bubba Gump Shrimp Co. has demonstrated financial success as a restaurant concept that translates well internationally and is recognized worldwide. We look forward to introducing Bubba Gump Shrimp Co. to the Middle East," said Ms. Fawzia Mubarak Al-Hassawi of Mubarak Al-Hassawi Restaurant Development Group. Catering to local markets, several Middle Eastern locations will offer regional cuisine A standard definition of a regional cuisine would be “a coherent tradition of food preparation that rises from the daily lives and kitchens of a people over an extended period of time.”[1] References 1. ^ winebrats options on the menu. Restaurant interiors will adorn authentic "Forrest Gump" movie memorabilia and reflect the casual warm atmosphere for which Bubba Gump is well-known. Currently, Bubba Gump Shrimp Co. is amidst an initiative to accelerate the company's growth. The company is in the process of raising equity capital through Cowen & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , for unit expansion and recently opened its Ft. Lauderdale, Fla., restaurant. Additional 2007 openings are planned for Puerto Vallarta Puerto Vallarta (pwār`tō väyär`tä), city (1990 pop. 93,503), Jalisco state, W Mexico. Located on the expansive Bahía de Banderas [Bay of Flags], Puerto Vallarta has been used since the 16th cent. , Mexico; Denver, Colo.; Gatlinburg, Tenn.; and Anaheim, Calif. To date, the company has international restaurants in Bali, Indonesia; Cancun, Mexico; Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ; Manila, Philippines; Osaka, Japan and two locations in Tokyo, Japan. For more information on Bubba Gump Shrimp Co. and its 25 locations around the globe, visit www.bubbagump.com. |
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